Looking to diversify beyond TIEIX? The mutual funds below have the lowest correlation with TIEIX — 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 TIEIX.
Best Diversifiers for TIEIX
34 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 0.15, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Term Municipal Bond Fund | 0.15 | 0.13 | 0.08 | 72 | Municipal Bonds | TIEIX vs FSHYX | |
| Nuveen Wisconsin Municipal Bond Fund | 0.16 | 0.11 | 0.08 | 74 | Municipal Bonds | TIEIX vs FWIAX | |
| Nuveen Colorado Municipal Bond Fund | 0.17 | 0.13 | 0.10 | 72 | Municipal Bonds | TIEIX vs FCOTX | |
| Nuveen Arizona Municipal Bond Fund | 0.17 | 0.16 | 0.12 | 75 | Municipal Bonds | TIEIX vs FAZTX | |
| Nuveen New York Municipal Bond Fund | 0.17 | 0.14 | 0.12 | 73 | Municipal Bonds | TIEIX vs NTNYX |
See all 146 diversifiers for TIEIX
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Diversification Analysis
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