Looking to diversify beyond TVRIX? The mutual funds below have historically moved differently from TVRIX, 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 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 0.20, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Ultra Short Duration Fund | 0.20 | 0.14 | 0.10 | 99 | Ultrashort Bond | TVRIX vs GIYIX | |
| Guggenheim Municipal Income Fund | 0.22 | 0.14 | 0.15 | 81 | Municipal Bonds | TVRIX vs GIJAX | |
| Guggenheim Alpha Opportunity Fund | 0.28 | 0.26 | 0.24 | 78 | Long-Short | TVRIX vs SAOAX | |
| Guggenheim Limited Duration Fund | 0.30 | 0.19 | 0.15 | 88 | Short-Term Bond | TVRIX vs GILHX | |
| Guggenheim Floating Rate Strategies Fund | 0.32 | 0.34 | 0.24 | 67 | Bank Loan | TVRIX vs GIFIX |
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