Looking to diversify beyond EBNAX? The mutual funds below have historically moved differently from EBNAX, 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 EBNAX
0 mutual funds have low correlation with EBNAX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Emerging Markets Domestic Fund (EDD) (Emerging Markets Bonds) with a 1Y correlation of 0.44, roughly unchanged from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Emerging Markets Domestic Fund | 0.44 | 0.42 | 0.48 | 57 | Emerging Markets Bonds | EBNAX vs EDD | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.48 | 0.51 | 0.52 | 98 | Emerging Markets Bonds | EBNAX vs DBLLX | |
| American Funds The Income Fund of America Class A | 0.51 | 0.50 | 0.51 | 81 | Diversified Portfolio, Dividend | EBNAX vs AMECX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.52 | 0.38 | 0.40 | 60 | Large Cap Blend Equities | EBNAX vs AWSHX | |
| American Funds Short-Term Tax Exempt Bond Fund | 0.54 | 0.54 | 0.47 | 74 | Municipal Bonds | EBNAX vs ASTEX |
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