Looking to diversify beyond EDF? The mutual funds below have the lowest correlation with EDF — 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 EDF.
Best Diversifiers for EDF
60 mutual funds have low correlation with EDF (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Corporate Income Fund (EMCIX) (Emerging Markets Bonds) with a 1Y correlation of 0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Corporate Income Fund | 0.05 | 0.14 | 0.21 | 58 | Emerging Markets Bonds | EDF vs EMCIX | |
| The Merger Fund | 0.09 | 0.11 | 0.17 | 97 | Event Driven | EDF vs MERFX | |
| Virtus Newfleet Senior Floating Rate Fund | 0.10 | 0.18 | 0.22 | 88 | Bank Loan | EDF vs PSFIX | |
| Virtus Seix Floating Rate High Income Fund | 0.10 | 0.17 | 0.22 | 97 | Bank Loan | EDF vs SAMBX | |
| USAA Tax Exempt Long Term Fund | 0.12 | 0.13 | 0.13 | 75 | Municipal Bonds | EDF vs USTEX |
See all 63 diversifiers for EDF
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Diversification Analysis
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