Looking to diversify beyond TEI? The mutual funds below have historically moved differently from TEI, 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 TEI
2 mutual funds have low correlation with TEI (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.29, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.29 | 0.40 | 0.39 | 91 | Diversified Portfolio | TEI vs FKINX | |
| Franklin Income Fund Advisor Class | 0.30 | 0.38 | 0.36 | 94 | Diversified Portfolio | TEI vs FRIAX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.33 | 0.34 | 0.33 | 94 | Emerging Markets Bonds | TEI vs SHCDX | |
| American Beacon Developing World Income Fund Class... | 0.36 | 0.34 | 0.32 | 99 | Emerging Markets Bonds | TEI vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 0.37 | 0.35 | 0.31 | 98 | Emerging Markets Bonds | TEI vs AGEPX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TEI, 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 Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) (Technology) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.08 | 0.08 | 0.08 | 62 | Technology | |
| Capital Southwest Corporation | 0.16 | 0.26 | 0.28 | 72 | Financial Services | |
| Trinity Capital Inc. | 0.20 | 0.24 | 0.22 | 86 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.25 | 0.31 | 0.30 | 72 | Financial Services | |
| Reaves Utility Income Trust | 0.32 | 0.33 | 0.29 | 55 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TEI
Add TEI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TEI