Looking to diversify beyond ECHIX? The mutual funds below have the lowest correlation with ECHIX — 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 ECHIX.
Best Diversifiers for ECHIX
5 mutual funds have low correlation with ECHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.01 | 0.09 | 0.11 | 100 | High Yield Bonds | ECHIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.13 | 0.11 | 0.06 | 100 | High Yield Bonds | ECHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.16 | 0.16 | 0.24 | 100 | High Yield Bonds | ECHIX vs RPHIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.29 | 0.17 | 97 | Nontraditional Bonds | ECHIX vs EGRIX | |
| Pioneer Corporate High Yield Fund | 0.27 | 0.61 | 0.72 | 58 | High Yield Bonds | ECHIX vs RCRYX |
See all 33 diversifiers for ECHIX
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