Looking to diversify beyond ECFHX? The mutual funds below have the lowest correlation with ECFHX — 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 ECFHX.
Best Diversifiers for ECFHX
7 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 -0.17, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.17 | -0.03 | 0.04 | 80 | Bank Loan | ECFHX vs XPTFX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.07 | 0.16 | 0.17 | 97 | Nontraditional Bonds | ECFHX vs EGRIX | |
| RiverPark Floating Rate CMBS Fund | 0.14 | 0.14 | 0.17 | 100 | Bank Loan | ECFHX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.16 | — | — | 98 | Bank Loan | ECFHX vs CAPIX | |
| Eaton Vance Strategic Income Fund Class I | 0.21 | 0.26 | 0.30 | 92 | Multisector Bonds | ECFHX vs ESIIX |
See all 22 diversifiers for ECFHX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ECFHX
Add ECFHX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ECFHX