Looking to diversify beyond TZINX? The mutual funds below have historically moved differently from TZINX, 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 TZINX
1 mutual funds have low correlation with TZINX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.17, up from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.17 | 0.03 | -0.09 | 79 | Global Allocation | TZINX vs LFMIX | |
| Wilmington Real Asset Fund | 0.33 | 0.55 | 0.60 | 90 | Global Allocation | TZINX vs WMRIX | |
| Allspring Absolute Return Fund | 0.36 | 0.55 | 0.59 | 86 | Global Allocation | TZINX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.40 | 0.38 | 0.62 | 68 | Global Allocation | TZINX vs MHESX | |
| Hartford Real Asset Fund | 0.42 | 0.63 | 0.70 | 97 | Global Allocation | TZINX vs HRLYX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TZINX
Add TZINX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TZINX