Looking to diversify beyond TLLIX? The mutual funds below have historically moved differently from TLLIX, 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 TLLIX
3 mutual funds have low correlation with TLLIX (below 0.3), 0 of which are negatively correlated. The least correlated is TIAA-CREF Short Term Bond Fund (TISIX) (Short-Term Bond) with a 1Y correlation of 0.26, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA-CREF Short Term Bond Fund | 0.26 | 0.18 | 0.19 | 89 | Short-Term Bond | TLLIX vs TISIX | |
| TIAA-CREF Short-Term Bond Index Fund | 0.26 | 0.14 | 0.12 | 85 | Short-Term Bond | TLLIX vs TNSHX | |
| TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund | 0.26 | 0.19 | 0.16 | 60 | Municipal Bonds | TLLIX vs TITIX | |
| TIAA-CREF Short Duration Impact Bond Fund | 0.31 | 0.19 | 0.15 | 91 | Short-Term Bond | TLLIX vs TSDJX | |
| TIAA-CREF Emerging Markets Debt Fund | 0.59 | 0.45 | 0.45 | 59 | Emerging Markets Bonds | TLLIX vs TEDNX |
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