Looking to diversify beyond TTIRX? The mutual funds below have historically moved differently from TTIRX, 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 TTIRX
2 mutual funds have low correlation with TTIRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.28, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.29 | 0.15 | 0.15 | 91 | High Yield Muni | TTIRX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.29 | 0.18 | 0.17 | 89 | High Yield Muni | TTIRX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | 0.50 | 0.42 | 0.43 | 73 | Preferred Stock | TTIRX vs NPSRX | |
| Nuveen Mid Cap Value Fund | 0.73 | 0.80 | 0.85 | 84 | Mid Cap Value Equities | TTIRX vs FASEX | |
| Nuveen Flexible Income Fund | 0.79 | 0.69 | 0.71 | 96 | Diversified Portfolio | TTIRX vs NWQIX |
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