Looking to diversify beyond TSUMX? The mutual funds below have historically moved differently from TSUMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TSUMX
2 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 0.14, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.14 | 0.19 | 0.48 | 66 | Diversified Portfolio | TSUMX vs MHELX | |
| Thornburg Limited Term Municipal Fund | 0.26 | 0.23 | 0.21 | 56 | Municipal Bonds | TSUMX vs LTMFX | |
| Thornburg Strategic Municipal Income Fund | 0.30 | 0.25 | 0.21 | 83 | Municipal Bonds | TSUMX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | 0.31 | 0.25 | 0.21 | 80 | Municipal Bonds | TSUMX vs THIMX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.55 | 0.62 | 89 | Diversified Portfolio | TSUMX vs FCSRX |
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