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TIAA-CREF Emerging Markets Debt Fund (TEDNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The investment seeks total return. Under normal market conditions, the fund invests at least 80% of its assets in fixed-income securities of emerging market issuers or in instruments with economic characteristics similar to emerging market fixed-income securities. It primarily invests in a broad range of sovereign, quasi-sovereign and corporate fixed-income securities rated B- or better but may also invest in fixed-income securities having a lower credit rating.

Looking to diversify beyond TEDNX? The mutual funds below have the lowest correlation with TEDNX — 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 TEDNX.

Best Diversifiers for TEDNX

1 mutual funds have low correlation with TEDNX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EDF
Virtus Stone Harbor Emerging Markets Income Fund0.260.270.32
54
Emerging Markets BondsTEDNX vs EDF
TISBX
TIAA-CREF Small-Cap Blend Index Fund0.440.380.35
66
Small Cap Blend EquitiesTEDNX vs TISBX
TILVX
TIAA-CREF Large-Cap Value Index Fund0.450.350.36
85
Large Cap Value EquitiesTEDNX vs TILVX
TIEIX
Nuveen Equity Index Fund Class I0.520.380.37
51
Large Cap Blend EquitiesTEDNX vs TIEIX
TISPX
TIAA-CREF S&P 500 Index Fund0.530.370.37
52
Large Cap Blend EquitiesTEDNX vs TISPX
See all 24 diversifiers for TEDNX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TEDNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEDNX and solid risk/return profiles. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.22, roughly unchanged from 0.30 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
STAG
STAG Industrial, Inc.0.220.270.30
59
Real Estate

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Diversification Analysis

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