Looking to diversify beyond EBNAX? The mutual funds below have the lowest correlation with EBNAX — 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 EBNAX.
Best Diversifiers for EBNAX
0 mutual funds have low correlation with EBNAX (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) (Emerging Markets Bonds) with a 1Y correlation of 0.45, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.45 | 0.48 | 0.52 | 98 | Emerging Markets Bonds | EBNAX vs DBLLX | |
| American Funds Investment Company of America Class... | 0.49 | 0.35 | 0.37 | 55 | Large Cap Blend Equities | EBNAX vs AIVSX | |
| American Funds Fundamental Investors Class A | 0.50 | 0.38 | 0.43 | 75 | Large Cap Blend Equities | EBNAX vs ANCFX | |
| American Funds Short-Term Tax Exempt Bond Fund | 0.51 | 0.53 | 0.46 | 80 | Municipal Bonds | EBNAX vs ASTEX | |
| Fidelity Capital & Income Fund | 0.53 | 0.53 | 0.58 | 93 | High Yield Bonds | EBNAX vs FAGIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EBNAX
Add EBNAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EBNAX