Looking to diversify beyond TTIHX? The mutual funds below have the lowest correlation with TTIHX — 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 TTIHX.
Best Diversifiers for TTIHX
2 mutual funds have low correlation with TTIHX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.26, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.26 | 0.18 | 0.16 | 61 | High Yield Muni | TTIHX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.26 | 0.14 | 0.14 | 65 | High Yield Muni | TTIHX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.48 | 0.42 | 0.43 | 74 | Preferred Stock/Convertible Bonds | TTIHX vs NPSRX | |
| Nuveen Mid Cap Value Fund | 0.74 | 0.80 | 0.85 | 82 | Mid Cap Value Equities | TTIHX vs FASEX | |
| Dimensional Retirement Income Fund | 0.78 | 0.77 | 0.74 | 70 | Target Retirement Date | TTIHX vs TDIFX |
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