Looking to diversify beyond EGFIX? The mutual funds below have historically moved differently from EGFIX, 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 EGFIX
0 mutual funds have low correlation with EGFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Emerging Markets Local Income Fund (EEIAX) (Emerging Markets Bonds) with a 1Y correlation of 0.39, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Local Income Fund | 0.39 | 0.27 | 0.34 | 78 | Emerging Markets Bonds | EGFIX vs EEIAX | |
| American Growth Fund Series One | 0.52 | 0.68 | 0.76 | 56 | Large Cap Growth Equities | EGFIX vs AMRGX | |
| ICON Equity Fund | 0.53 | 0.57 | 0.68 | 80 | Large Cap Growth Equities | EGFIX vs IOLZX | |
| Adams Diversified Equity Fund, Inc. | 0.58 | 0.71 | 0.80 | 83 | Large Cap Blend Equities | EGFIX vs ADX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.60 | 0.61 | 0.67 | 76 | Foreign Large Cap Equities | EGFIX vs VTMGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EGFIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.37, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.37 | 0.42 | 0.54 | 53 | Financial Services |
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