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TIAA-CREF Short-Term Bond Index Fund (TNSHX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund invests at least 80% of its assets in bonds within its benchmark and portfolio tracking index, the Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index. It uses a sampling technique to create a portfolio that closely matches the overall investment characteristics of the index (for example, duration, sector diversification and credit quality) without investing in all of the securities in the index.

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

Best Diversifiers for TNSHX

12 mutual funds have low correlation with TNSHX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.02, down from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DFCFX
DFA Two-Year Fixed Income Portfolio-0.02-0.010.36
66
Short-Term BondTNSHX vs DFCFX
LCCMX
Leader Short Term High Yield Bond Fund0.110.140.17
75
Short-Term BondTNSHX vs LCCMX
TISCX
TIAA-CREF Social Choice Equity Fund0.140.080.06
59
Large Cap Blend EquitiesTNSHX vs TISCX
TISBX
TIAA-CREF Small-Cap Blend Index Fund0.150.090.07
64
Small Cap Blend EquitiesTNSHX vs TISBX
TISPX
TIAA-CREF S&P 500 Index Fund0.160.070.06
73
Large Cap Blend EquitiesTNSHX vs TISPX
See all 112 diversifiers for TNSHX

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