Looking to diversify beyond ECFHX? The mutual funds below have historically moved differently from ECFHX, 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 ECFHX
10 mutual funds have low correlation with ECFHX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.15 | -0.04 | 0.05 | 93 | Bank Loan | ECFHX vs XPTFX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.06 | 0.13 | 0.15 | 99 | Nontraditional Bonds | ECFHX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.10 | 0.17 | 0.17 | 98 | Nontraditional Bonds | ECFHX vs EGRIX | |
| RiverPark Floating Rate CMBS Fund | 0.14 | 0.15 | 0.18 | 100 | Bank Loan | ECFHX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.15 | — | — | 99 | Bank Loan | ECFHX vs CAPIX |
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