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Thrivent International Allocation Fund (TWAAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund seeks to achieve its objective by investing primarily in equity securities of issuers throughout the world. It seeks to diversify its portfolio broadly among developed and emerging countries and among multiple asset classes. Under normal market conditions, the fund invests at least 40% of its net assets in foreign assets. If market conditions are not deemed favorable by the Adviser, the fund could invest a lower percentage, but at least 30% of its net assets in foreign assets.

Looking to diversify beyond TWAAX? The mutual funds below have the lowest correlation with TWAAX — 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 TWAAX.

Best Diversifiers for TWAAX

0 mutual funds have low correlation with TWAAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.49, down from 0.70 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IVFIX
Federated Hermes International Strategic Value Div...0.490.600.70
61
Foreign Large Cap EquitiesTWAAX vs IVFIX
THOIX
Thornburg Global Opportunities Fund0.660.740.80
86
Foreign Large Cap EquitiesTWAAX vs THOIX
SAHMX
SA International Value Fund0.670.680.75
89
Foreign Large Cap EquitiesTWAAX vs SAHMX
EPDIX
EuroPac International Dividend Income Fund0.700.710.75
76
Foreign Large Cap EquitiesTWAAX vs EPDIX
EPDPX
EuroPac International Dividend Income Fund Class A0.710.710.75
75
Foreign Large Cap Equities, DividendTWAAX vs EPDPX
See all 19 diversifiers for TWAAX

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