Looking to diversify beyond TEFQX? The mutual funds below have the lowest correlation with TEFQX — 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 TEFQX.
Best Diversifiers for TEFQX
0 mutual funds have low correlation with TEFQX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund Class I (GTTIX) (Technology Equities) with a 1Y correlation of 0.41, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund Class I | 0.41 | 0.51 | 0.60 | 72 | Technology Equities | TEFQX vs GTTIX | |
| ARK Venture Fund | 0.49 | 0.66 | — | 99 | Technology Equities | TEFQX vs ARKVX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.60 | 0.62 | 0.66 | 95 | Technology Equities | TEFQX vs STK | |
| Virtus Artificial Intelligence & Technology Opport... | 0.62 | 0.59 | 0.65 | 56 | Technology Equities | TEFQX vs AIO | |
| Fidelity Advisor Semiconductors Fund Class A | 0.64 | 0.63 | 0.68 | 96 | Semiconductors, Technology Equities, Actively Managed | TEFQX vs FELAX |
See all 18 diversifiers for TEFQX
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