Looking to diversify beyond TZINX? The mutual funds below have the lowest correlation with TZINX — 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 TZINX.
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 0.20, up from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.20 | 0.03 | -0.07 | 85 | Global Allocation | TZINX vs LFMIX | |
| Allspring Absolute Return Fund | 0.45 | 0.59 | 0.61 | 91 | Global Allocation | TZINX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.46 | 0.41 | 0.64 | 57 | Global Allocation | TZINX vs MHESX | |
| Hartford Real Asset Fund | 0.48 | 0.67 | 0.71 | 88 | Global Allocation | TZINX vs HRLYX | |
| Lazard Real Assets Portfolio | 0.49 | 0.65 | 0.68 | 59 | Global Allocation | TZINX vs RALIX |
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