Looking to diversify beyond TCIEX? The mutual funds below have the lowest correlation with TCIEX — 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 TCIEX.
Best Diversifiers for TCIEX
2 mutual funds have low correlation with TCIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.20 | 0.20 | 84 | Inflation-Protected Bonds | TCIEX vs VTSPX | |
| TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund | 0.25 | 0.21 | 0.16 | 67 | Municipal Bonds | TCIEX vs TITIX | |
| TIAA-CREF Short Term Bond Fund | 0.32 | 0.26 | 0.23 | 81 | Short-Term Bond | TCIEX vs TISIX | |
| TIAA-CREF Short-Term Bond Index Fund | 0.35 | 0.21 | 0.16 | 62 | Short-Term Bond | TCIEX vs TNSHX | |
| TIAA-CREF Short Duration Impact Bond Fund | 0.37 | 0.25 | 0.18 | 87 | Short-Term Bond | TCIEX vs TSDJX |
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