Looking to diversify beyond EAAFX? The mutual funds below have the lowest correlation with EAAFX — 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 EAAFX.
Best Diversifiers for EAAFX
2 mutual funds have low correlation with EAAFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.50 | 67 | Diversified Portfolio | EAAFX vs MHELX | |
| Allspring Ultra Short-Term Income Fund | 0.20 | 0.19 | 0.23 | 98 | Ultrashort Bond | EAAFX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.41 | 0.33 | 0.31 | 81 | Short-Term Bond | EAAFX vs SSHIX | |
| Concorde Wealth Management Fund | 0.42 | 0.61 | 0.72 | 55 | Diversified Portfolio | EAAFX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.45 | 0.59 | 0.64 | 88 | Diversified Portfolio | EAAFX vs FIQDX |
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