Looking to diversify beyond TFEQX? The mutual funds below have the lowest correlation with TFEQX — 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 TFEQX.
Best Diversifiers for TFEQX
5 mutual funds have low correlation with TFEQX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Virginia Tax Free Income Fund (FRVAX) (Municipal Bonds) with a 1Y correlation of 0.23, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Virginia Tax Free Income Fund | 0.23 | 0.18 | 0.13 | 83 | Municipal Bonds | TFEQX vs FRVAX | |
| Franklin Pennsylvania Tax-Free Income Fund | 0.26 | 0.18 | 0.13 | 77 | Municipal Bonds | TFEQX vs FRPAX | |
| Western Asset SMASh Series TF Fund | 0.28 | 0.21 | 0.15 | 85 | Municipal Bonds | TFEQX vs LSMSX | |
| Franklin Louisiana Tax Free Income Fund | 0.28 | 0.20 | 0.13 | 75 | Municipal Bonds | TFEQX vs FKLAX | |
| Franklin New York Tax Free Income Fund | 0.29 | 0.20 | 0.14 | 78 | Municipal Bonds | TFEQX vs FNYTX |
See all 52 diversifiers for TFEQX
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