Looking to diversify beyond EDF? The mutual funds below have historically moved differently from EDF, 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 EDF
83 mutual funds have low correlation with EDF (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus Duff & Phelps Select MLP and Energy Fund (VLPIX) (Energy Equities) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | -0.03 | 0.15 | 0.21 | 85 | Energy Equities | EDF vs VLPIX | |
| Virtus Duff & Phelps Global Infrastructure Fund | 0.04 | 0.19 | 0.25 | 62 | Infrastructure Equities, Energy Equities | EDF vs PGUAX | |
| Virtus Seix U.S. Government Securities Ultra-Short... | 0.05 | 0.08 | 0.06 | 98 | Ultrashort Bond | EDF vs SIGVX | |
| The Merger Fund Class I | 0.06 | 0.13 | 0.18 | 97 | Event Driven | EDF vs MERIX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.08 | 0.21 | 0.25 | 68 | REIT | EDF vs PHRAX |
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