Looking to diversify beyond TEQAX? The mutual funds below have historically moved differently from TEQAX, 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 TEQAX
1 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 0.17, up from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.17 | 0.07 | 0.05 | 99 | Ultrashort Bond | TEQAX vs TSDOX | |
| Touchstone Core Municipal Bond Fund | 0.30 | 0.19 | 0.16 | 55 | Municipal Bonds | TEQAX vs TOHAX | |
| Federated Hermes International Strategic Value Div... | 0.37 | 0.50 | 0.62 | 88 | Foreign Large Cap Equities | TEQAX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.66 | 0.73 | 61 | Foreign Large Cap Equities | TEQAX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.41 | 0.67 | 0.73 | 61 | Foreign Large Cap Equities | TEQAX vs GSIMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TEQAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.24, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| STAG Industrial, Inc. | 0.24 | 0.38 | 0.45 | 70 | Real Estate |
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