Looking to diversify beyond TEOJX? The mutual funds below have historically moved differently from TEOJX, 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 TEOJX
3 mutual funds have low correlation with TEOJX (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 0.19, down from 0.56 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... | 0.19 | 0.45 | 0.56 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | TEOJX vs GSIYX | |
| Transamerica High Yield Muni | 0.24 | 0.13 | 0.12 | 89 | High Yield Muni | TEOJX vs THYIX | |
| The Cook & Bynum Fund | 0.24 | 0.35 | 0.42 | 66 | Emerging Markets Equities | TEOJX vs COBYX | |
| Transamerica Small/Mid Cap Value Fund | 0.37 | 0.44 | 0.49 | 76 | Mid Cap Value Equities | TEOJX vs IIVAX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.41 | 0.61 | 0.68 | 92 | Emerging Markets Equities | TEOJX vs ESCIX |
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