Looking to diversify beyond TEMZX? The mutual funds below have historically moved differently from TEMZX, 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 TEMZX
3 mutual funds have low correlation with TEMZX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.49 | 0.60 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | TEMZX vs GSIYX | |
| Franklin Income Fund Advisor Class | 0.20 | 0.36 | 0.50 | 94 | Diversified Portfolio | TEMZX vs FRIAX | |
| The Cook & Bynum Fund | 0.25 | 0.36 | 0.47 | 70 | Emerging Markets Equities | TEMZX vs COBYX | |
| Franklin Income Fund Class A1 | 0.32 | 0.41 | 0.52 | 91 | Diversified Portfolio | TEMZX vs FKINX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.34 | 0.61 | 0.70 | 91 | Emerging Markets Equities | TEMZX vs ESCIX |
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