Looking to diversify beyond TYG? The mutual funds below have historically moved differently from TYG, 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 TYG
12 mutual funds have low correlation with TYG (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) (High Yield Bonds) with a 1Y correlation of -0.00, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High-Yield Corporate Fund Admiral Shares | -0.00 | 0.22 | 0.29 | 53 | High Yield Bonds | TYG vs VWEAX | |
| Northern Income Equity Fund | 0.07 | 0.31 | 0.44 | 87 | Large Cap Value Equities, Dividend, Actively Managed | TYG vs NOIEX | |
| Abrdn Healthcare Opportunities Fund | 0.08 | 0.28 | 0.36 | 61 | Health & Biotech Equities | TYG vs THQ | |
| Fidelity Stock Selector Large Cap Value Fund | 0.10 | 0.39 | 0.54 | 93 | Large Cap Value Equities | TYG vs FSLVX | |
| Vanguard Small-Cap Index Fund Institutional Shares | 0.10 | 0.38 | 0.50 | 67 | Small Cap Blend Equities | TYG vs VSCIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TYG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of -0.01, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | -0.01 | 0.27 | 0.38 | 76 | Real Estate | |
| Dynex Capital, Inc. | 0.00 | 0.23 | 0.33 | 72 | Real Estate | |
| AGNC Investment Corp. | 0.01 | 0.26 | 0.35 | 76 | Real Estate | |
| Trinity Capital Inc. | 0.05 | 0.29 | 0.31 | 80 | Financial Services | |
| AGNC Investment Corp. Depositary Shares Series C | 0.08 | 0.08 | 0.19 | 93 | Real Estate |
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