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TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks a favorable long-term total return, mainly through capital appreciation, by investing primarily in a portfolio of emerging market equity investments based on a market index. Under normal circumstances, the fund invests at least 80% of its assets in equity securities that comprise its benchmark index, the MSCI Emerging Markets Index ("MSCI EM Index"), or in instruments with economic characteristics similar to all or a portion of the MSCI EM Index. It buys most, but not necessarily all, of the stocks in its benchmark index, and the advisor will attempt to closely match the overall investment attributes of the fund's benchmark index.

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

Best Diversifiers for TEQLX

0 mutual funds have low correlation with TEQLX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) (High Yield Bonds) with a 1Y correlation of 0.41, roughly unchanged from 0.40 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares0.410.360.40
71
High Yield BondsTEQLX vs VWEAX
VSIAX
Vanguard Small-Cap Value Index Fund Admiral Shares0.480.510.55
53
Small Cap Value EquitiesTEQLX vs VSIAX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.500.650.71
87
Emerging Markets DiversifiedTEQLX vs ESCIX
TILVX
TIAA-CREF Large-Cap Value Index Fund0.550.530.56
88
Large Cap Value EquitiesTEQLX vs TILVX
JOMMX
JOHCM Emerging Markets Small Mid Cap Equity Fund0.570.640.70
52
Emerging Markets DiversifiedTEQLX vs JOMMX
See all 157 diversifiers for TEQLX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TEQLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEQLX and solid risk/return profiles. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.14, down from 0.30 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
STAG
STAG Industrial, Inc.0.140.260.30
58
Real Estate

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Diversification Analysis

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