Looking to diversify beyond TEDNX? The mutual funds below have historically moved differently from TEDNX, 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 TEDNX
0 mutual funds have low correlation with TEDNX (below 0.3), 0 of which are negatively correlated. The least correlated is TIAA-CREF Large-Cap Value Index Fund (TILVX) (Large Cap Value Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA-CREF Large-Cap Value Index Fund | 0.44 | 0.35 | 0.36 | 97 | Large Cap Value Equities | TEDNX vs TILVX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.48 | 0.40 | 0.42 | 51 | Emerging Markets Bonds | TEDNX vs EDD | |
| TIAA-CREF Small-Cap Blend Index Fund | 0.48 | 0.38 | 0.36 | 83 | Small Cap Blend Equities | TEDNX vs TISBX | |
| TIAA-CREF Social Choice Equity Fund | 0.50 | 0.37 | 0.38 | 60 | Large Cap Blend Equities | TEDNX vs TISCX | |
| Nuveen Equity Index Fund Class I | 0.53 | 0.38 | 0.38 | 75 | Large Cap Blend Equities | TEDNX vs TIEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TEDNX, 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 STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.24, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| STAG Industrial, Inc. | 0.24 | 0.27 | 0.30 | 63 | Real Estate |
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