Looking to diversify beyond TRIEX? The mutual funds below have the lowest correlation with TRIEX — 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 TRIEX.
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 0.24, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.24 | 0.15 | 0.13 | 57 | High Yield Muni | TRIEX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.31 | 0.19 | 0.17 | 52 | High Yield Muni | TRIEX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | 0.42 | 0.42 | 0.44 | 79 | Preferred Stock/Convertible Bonds | TRIEX vs NPSRX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.62 | 0.59 | 0.62 | 78 | Large Cap Growth Equities | TRIEX vs QQQX | |
| Nuveen Equity Long/Short Fund | 0.67 | 0.64 | 0.71 | 59 | Long-Short | TRIEX vs NELIX |
See all 7 diversifiers for TRIEX
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