Looking to diversify beyond EAAFX? The mutual funds below have historically moved differently from EAAFX, 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 EAAFX
7 mutual funds have low correlation with EAAFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.19, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | -0.00 | 0.13 | 83 | Diversified Portfolio | EAAFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.15 | 0.48 | 66 | Diversified Portfolio | EAAFX vs MHELX | |
| Allspring Ultra Short-Term Municipal Income Fund | 0.17 | 0.12 | 0.13 | 97 | Municipal Bonds | EAAFX vs SMAIX | |
| Allspring Ultra Short-Term Income Fund | 0.23 | 0.17 | 0.24 | 99 | Ultrashort Bond | EAAFX vs SADIX | |
| Allspring Intermediate Tax/AMT-Free Fund | 0.26 | 0.24 | 0.22 | 60 | Municipal Bonds | EAAFX vs WFTAX |
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