Looking to diversify beyond EACPX? The mutual funds below have historically moved differently from EACPX, 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 EACPX
1 mutual funds have low correlation with EACPX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.30, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.30 | 0.25 | 0.09 | 67 | Systematic Trend | EACPX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.37 | 0.25 | 0.15 | 98 | Equity Market Neutral | EACPX vs BDMIX | |
| ICON Equity Fund | 0.56 | 0.59 | 0.70 | 79 | Large Cap Growth Equities | EACPX vs IOLZX | |
| BlackRock Enhanced Equity Dividend Trust | 0.57 | 0.54 | 0.61 | 66 | Derivative Income | EACPX vs BDJ | |
| American Growth Fund Series One | 0.58 | 0.73 | 0.80 | 55 | Large Cap Growth Equities | EACPX vs AMRGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EACPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.59 | 0.66 | 0.73 | 89 |
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