Looking to diversify beyond ECOIX? The mutual funds below have historically moved differently from ECOIX, 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 ECOIX
15 mutual funds have low correlation with ECOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of 0.02, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | 0.02 | 0.15 | 0.24 | 72 | Energy Equities | ECOIX vs VENAX | |
| Invesco Energy Fund | 0.05 | 0.17 | 0.26 | 73 | Energy Equities | ECOIX vs FSTEX | |
| Fidelity Select Energy Portfolio | 0.05 | 0.17 | 0.26 | 87 | Energy Equities | ECOIX vs FSENX | |
| Guinness Atkinson Global Energy Fund | 0.07 | 0.20 | 0.28 | 84 | Energy Equities | ECOIX vs GAGEX | |
| Recurrent MLP & Infrastructure Fund | 0.10 | 0.26 | 0.34 | 92 | Infrastructure Equities, Energy Equities | ECOIX vs RMLPX |
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