Looking to diversify beyond TWQZX? The mutual funds below have the lowest correlation with TWQZX — 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 TWQZX.
Best Diversifiers for TWQZX
1 mutual funds have low correlation with TWQZX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.20, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.20 | 0.15 | 0.08 | 65 | High Yield Muni | TWQZX vs THYIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.43 | 0.56 | 0.69 | 82 | Large Cap Value Equities | TWQZX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.47 | 0.70 | 0.80 | 52 | Large Cap Value Equities | TWQZX vs BUFBX | |
| Transamerica Emerging Markets Debt Fund | 0.53 | 0.41 | 0.40 | 75 | Emerging Markets Bonds | TWQZX vs EMTIX | |
| Hennessy Cornerstone Value Fund | 0.57 | 0.73 | 0.81 | 85 | Large Cap Value Equities | TWQZX vs HFCVX |
See all 31 diversifiers for TWQZX
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