Looking to diversify beyond TTIRX? The mutual funds below have the lowest correlation with TTIRX — 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 TTIRX.
Best Diversifiers for TTIRX
2 mutual funds have low correlation with TTIRX (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 0.25, 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 | 0.25 | 0.17 | 0.16 | 63 | High Yield Muni | TTIRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.25 | 0.14 | 0.14 | 65 | High Yield Muni | TTIRX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.48 | 0.42 | 0.43 | 73 | Preferred Stock/Convertible Bonds | TTIRX vs NPSRX | |
| Nuveen Mid Cap Value Fund | 0.74 | 0.80 | 0.85 | 81 | Mid Cap Value Equities | TTIRX vs FASEX | |
| Dimensional Retirement Income Fund | 0.78 | 0.77 | 0.74 | 77 | Target Retirement Date | TTIRX vs TDIFX |
See all 44 diversifiers for TTIRX
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