Looking to diversify beyond TSWIX? The mutual funds below have historically moved differently from TSWIX, 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 TSWIX
2 mutual funds have low correlation with TSWIX (below 0.3), 1 of which are negatively correlated. The least correlated is Transamerica Energy Infrastructure (TMLPX) (Infrastructure Equities) with a 1Y correlation of -0.04, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Energy Infrastructure | -0.04 | 0.26 | 0.43 | 80 | Infrastructure Equities, Energy Equities | TSWIX vs TMLPX | |
| Transamerica Intermediate Muni | 0.29 | 0.21 | 0.17 | 79 | Municipal Bonds | TSWIX vs TIMUX | |
| Transamerica High Yield Muni | 0.32 | 0.21 | 0.17 | 89 | High Yield Muni | TSWIX vs THYIX | |
| Transamerica Floating Rate Fund | 0.35 | 0.25 | 0.27 | 89 | Bank Loan | TSWIX vs TFLIX | |
| Transamerica Short-Term Bond Fund | 0.43 | 0.25 | 0.22 | 82 | Short-Term Bond | TSWIX vs ITAAX |
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