Looking to diversify beyond EBSAX? The mutual funds below have historically moved differently from EBSAX, 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 EBSAX
10 mutual funds have low correlation with EBSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) (Multistrategy) with a 1Y correlation of 0.01, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.01 | 0.04 | -0.00 | 100 | Multistrategy | EBSAX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | 0.02 | -0.01 | -0.08 | 99 | Multistrategy | EBSAX vs ADANX | |
| Morningstar Alternatives Fund | 0.04 | -0.03 | -0.12 | 87 | Multistrategy | EBSAX vs MSTVX | |
| AQR Diversified Arbitrage Fund Class I | 0.05 | 0.02 | -0.06 | 99 | Multistrategy | EBSAX vs ADAIX | |
| AQR Style Premia Alternative Fund - Class I | 0.07 | 0.12 | 0.17 | 90 | Multistrategy | EBSAX vs QSPIX |
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