Looking to diversify beyond TVLYX? The mutual funds below have the lowest correlation with TVLYX — 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 TVLYX.
Best Diversifiers for TVLYX
2 mutual funds have low correlation with TVLYX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.17, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.17 | 0.10 | 0.04 | 98 | Ultrashort Bond | TVLYX vs TSDOX | |
| Federated Hermes Equity Income Fund | 0.19 | 0.55 | 0.74 | 72 | Large Cap Value Equities | TVLYX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.49 | 0.57 | 0.68 | 82 | Large Cap Value Equities | TVLYX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.55 | 0.71 | 0.79 | 52 | Large Cap Value Equities | TVLYX vs BUFBX | |
| Touchstone International Equity Fund | 0.64 | 0.64 | 0.70 | 91 | Foreign Large Cap Equities | TVLYX vs SWRLX |
See all 35 diversifiers for TVLYX
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