Looking to diversify beyond TUNIX? The mutual funds below have the lowest correlation with TUNIX — 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 TUNIX.
Best Diversifiers for TUNIX
7 mutual funds have low correlation with TUNIX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.14, up from -0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.14 | -0.25 | — | 99 | Nontraditional Bonds | TUNIX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.03 | — | — | 100 | Nontraditional Bonds | TUNIX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | 0.08 | 0.02 | 0.07 | 64 | Nontraditional Bonds | TUNIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.20 | 0.20 | 0.16 | 99 | Nontraditional Bonds | TUNIX vs EIGMX | |
| Dunham Long/Short Credit Fund | 0.22 | 0.02 | 0.07 | 94 | Nontraditional Bonds | TUNIX vs DCAIX |
See all 21 diversifiers for TUNIX
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