PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Touchstone Global ESG Equity Fund (TEQAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its assets in equity securities of U.S. and non-U.S. companies that meet certain financial and environmental, social, and governance criteria. Equity securities include common stocks, preferred stocks, convertible securities, depositary receipts such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and European Depositary Receipts ("EDRs"), and interests in other investment companies, including exchange-traded funds that invest in equity securities.

Looking to diversify beyond TEQAX? The mutual funds below have the lowest correlation with TEQAX — 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 TEQAX.

Best Diversifiers for TEQAX

2 mutual funds have low correlation with TEQAX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.18, up from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TSDOX
Touchstone Ultra Short Duration Fixed Income Fund0.180.080.05
98
Ultrashort BondTEQAX vs TSDOX
TOHAX
Touchstone Core Municipal Bond Fund0.260.180.15
58
Municipal BondsTEQAX vs TOHAX
THYAX
Touchstone High Yield Fund0.540.510.53
82
High Yield BondsTEQAX vs THYAX
PTSIX
PIMCO RAE PLUS International Fund0.550.570.59
79
Foreign Large Cap EquitiesTEQAX vs PTSIX
TMAYX
Touchstone Ares Credit Opportunities Fund Class Y0.570.510.54
60
High Yield BondsTEQAX vs TMAYX
See all 30 diversifiers for TEQAX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TEQAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEQAX and solid risk/return profiles. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.30, down from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
STAG
STAG Industrial, Inc.0.300.400.46
57
Real Estate

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements TEQAX

Add TEQAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with TEQAX