Looking to diversify beyond TEFQX? The mutual funds below have historically moved differently from TEFQX, 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 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 0.44, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund Class I | 0.44 | 0.51 | 0.60 | 65 | Technology Equities | TEFQX vs GTTIX | |
| ARK Venture Fund | 0.47 | 0.63 | — | 99 | Technology Equities | TEFQX vs ARKVX | |
| Fidelity Select Tech Hardware Portfolio | 0.65 | 0.65 | 0.69 | 95 | Technology Equities | TEFQX vs FDCPX | |
| Fidelity Advisor Semiconductors Fund Class Z | 0.65 | 0.63 | 0.67 | 83 | Technology Equities | TEFQX vs FIKGX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.65 | 0.63 | 0.68 | 83 | Semiconductors, Technology Equities, Actively Managed | TEFQX vs FELAX |
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