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
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 0.13, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.13 | 0.05 | 0.04 | 98 | Ultrashort Bond | TEQAX vs TSDOX | |
| Touchstone High Yield Fund | 0.51 | 0.51 | 0.52 | 82 | High Yield Bonds | TEQAX vs THYAX | |
| Touchstone Ares Credit Opportunities Fund Class Y | 0.54 | 0.50 | 0.53 | 69 | High Yield Bonds | TEQAX vs TMAYX | |
| Touchstone Ares Credit Opportunities Fund | 0.55 | 0.51 | 0.54 | 71 | High Yield Bonds | TEQAX vs TARBX | |
| Touchstone Small Cap Value Fund | 0.57 | 0.63 | 0.72 | 51 | Small Cap Value Equities | TEQAX vs TVOAX |
See all 26 diversifiers for TEQAX
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