Looking to diversify beyond TRIEX? The mutual funds below have historically moved differently from TRIEX, 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 TRIEX
1 mutual funds have low correlation with TRIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.27, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.27 | 0.17 | 0.14 | 91 | High Yield Muni | TRIEX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.34 | 0.21 | 0.19 | 89 | High Yield Muni | TRIEX vs NHMRX | |
| Nuveen Real Estate Securities Fund | 0.38 | 0.48 | 0.53 | 72 | REIT | TRIEX vs FARCX | |
| Nuveen Preferred Securities & Income Fund | 0.47 | 0.42 | 0.45 | 73 | Preferred Stock | TRIEX vs NPSRX | |
| Pear Tree Polaris Foreign Value Fund | 0.48 | 0.61 | 0.69 | 88 | Foreign Large Cap Equities | TRIEX vs QFVOX |
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