Looking to diversify beyond TVAFX? The mutual funds below have the lowest correlation with TVAFX — 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 TVAFX.
Best Diversifiers for TVAFX
12 mutual funds have low correlation with TVAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Ultra Short Income Fund (TLDIX) (Ultrashort Bond) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.03 | 0.12 | 0.09 | 99 | Ultrashort Bond | TVAFX vs TLDIX | |
| Thornburg Short Duration Municipal Fund | 0.07 | 0.06 | 0.06 | 85 | Municipal Bonds | TVAFX vs TLMIX | |
| Thornburg California Limited Term Municipal Fund | 0.10 | 0.10 | 0.10 | 66 | Municipal Bonds | TVAFX vs LTCAX | |
| Thornburg Intermediate Municipal Fund | 0.11 | 0.12 | 0.09 | 77 | Municipal Bonds | TVAFX vs THIMX | |
| Thornburg New Mexico Intermediate Municipal Fund | 0.12 | 0.13 | 0.10 | 74 | Municipal Bonds | TVAFX vs THNMX |
See all 52 diversifiers for TVAFX
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