Looking to diversify beyond EALDX? The mutual funds below have the lowest correlation with EALDX — 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 EALDX.
Best Diversifiers for EALDX
22 mutual funds have low correlation with EALDX (below 0.3), 1 of which are negatively correlated. The least correlated is CrossingBridge Ultra-Short Duration Fund (CBUDX) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Ultra-Short Duration Fund | -0.00 | 0.05 | — | 99 | Ultrashort Bond | EALDX vs CBUDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.06 | 0.30 | 0.27 | 99 | Ultrashort Bond | EALDX vs TRSTX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.07 | -0.00 | 0.05 | 98 | Emerging Markets Bonds | EALDX vs EELDX | |
| Navigator Ultra Short Term Bond Fund | 0.08 | 0.11 | 0.05 | 100 | Ultrashort Bond | EALDX vs NUSIX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.09 | 0.01 | -0.02 | 98 | Ultrashort Bond | EALDX vs TSDUX |
See all 68 diversifiers for EALDX
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