Looking to diversify beyond TEPLX? The mutual funds below have the lowest correlation with TEPLX — 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 TEPLX.
Best Diversifiers for TEPLX
0 mutual funds have low correlation with TEPLX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.56, down from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.56 | 0.68 | 0.76 | 81 | Global Equities | TEPLX vs RTXAX | |
| Franklin Income Fund Class A1 | 0.59 | 0.62 | 0.72 | 87 | Diversified Portfolio | TEPLX vs FKINX | |
| Polaris Global Value Fund | 0.59 | 0.73 | 0.81 | 90 | Global Equities | TEPLX vs PGVFX | |
| T. Rowe Price Real Assets Fund | 0.59 | 0.69 | 0.77 | 57 | Global Equities | TEPLX vs PRAFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.64 | 0.65 | 0.76 | 89 | Global Equities | TEPLX vs FMIEX |
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