Looking to diversify beyond TEPAX? The mutual funds below have the lowest correlation with TEPAX — 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 TEPAX.
Best Diversifiers for TEPAX
17 mutual funds have low correlation with TEPAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.22 | 0.23 | 96 | Municipal Bonds | TEPAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.22 | 0.24 | 95 | Municipal Bonds | TEPAX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.24 | 0.35 | 99 | Municipal Bonds | TEPAX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.11 | 0.09 | 98 | Municipal Bonds | TEPAX vs FHMIX | |
| American Funds The Income Fund of America Class A | 0.18 | 0.22 | 0.17 | 52 | Diversified Portfolio, Dividend | TEPAX vs AMECX |
See all 25 diversifiers for TEPAX
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