Looking to diversify beyond TSUMX? The mutual funds below have the lowest correlation with TSUMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TSUMX.
Best Diversifiers for TSUMX
4 mutual funds have low correlation with TSUMX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.17, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.17 | 0.24 | 0.51 | 64 | Diversified Portfolio | TSUMX vs MHELX | |
| Thornburg Intermediate Municipal Fund | 0.23 | 0.24 | 0.19 | 74 | Municipal Bonds | TSUMX vs THIMX | |
| Thornburg Strategic Municipal Income Fund | 0.26 | 0.25 | 0.20 | 70 | Municipal Bonds | TSUMX vs TSSIX | |
| Thornburg Limited Term Municipal Fund | 0.27 | 0.24 | 0.20 | 68 | Municipal Bonds | TSUMX vs LTMFX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.58 | 0.64 | 95 | Diversified Portfolio | TSUMX vs FCSRX |
See all 26 diversifiers for TSUMX
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