Looking to diversify beyond TIEIX? The mutual funds below have historically moved differently from TIEIX, 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 TIEIX
40 mutual funds have low correlation with TIEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Term Municipal Bond Fund (FSHYX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Term Municipal Bond Fund | 0.17 | 0.14 | 0.09 | 64 | Municipal Bonds | TIEIX vs FSHYX | |
| Nuveen Wisconsin Municipal Bond Fund | 0.20 | 0.11 | 0.09 | 83 | Municipal Bonds | TIEIX vs FWIAX | |
| Nuveen Colorado Municipal Bond Fund | 0.20 | 0.13 | 0.11 | 81 | Municipal Bonds | TIEIX vs FCOTX | |
| Nuveen New Mexico Municipal Bond Fund | 0.21 | 0.14 | 0.12 | 81 | Municipal Bonds | TIEIX vs FNMTX | |
| Nuveen Massachusetts Municipal Bond Fund | 0.21 | 0.14 | 0.12 | 86 | Municipal Bonds | TIEIX vs NBMAX |
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