Looking to diversify beyond TVRIX? The mutual funds below have the lowest correlation with TVRIX — 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 TVRIX.
Best Diversifiers for TVRIX
4 mutual funds have low correlation with TVRIX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Ultra Short Duration Fund (GIYIX) (Ultrashort Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Ultra Short Duration Fund | 0.19 | 0.15 | 0.10 | 99 | Ultrashort Bond | TVRIX vs GIYIX | |
| Guggenheim Municipal Income Fund | 0.22 | 0.15 | 0.16 | 92 | Municipal Bonds | TVRIX vs GIJAX | |
| Guggenheim Alpha Opportunity Fund | 0.26 | 0.25 | 0.24 | 78 | Long-Short | TVRIX vs SAOAX | |
| Guggenheim Limited Duration Fund | 0.29 | 0.20 | 0.14 | 92 | Short-Term Bond | TVRIX vs GILHX | |
| Guggenheim Floating Rate Strategies Fund | 0.31 | 0.34 | 0.24 | 75 | Bank Loan | TVRIX vs GIFIX |
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