Looking to diversify beyond EGLBX? The mutual funds below have historically moved differently from EGLBX, 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 EGLBX
0 mutual funds have low correlation with EGLBX (below 0.3), 0 of which are negatively correlated. The least correlated is Elfun Tax Exempt Income Fund (ELFTX) (Municipal Bonds) with a 1Y correlation of 0.41, up from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.41 | 0.26 | 0.22 | 79 | Municipal Bonds | EGLBX vs ELFTX | |
| Federated Hermes International Strategic Value Div... | 0.41 | 0.50 | 0.61 | 88 | Foreign Large Cap Equities | EGLBX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.61 | 0.68 | 61 | Foreign Large Cap Equities | EGLBX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.61 | 0.68 | 61 | Foreign Large Cap Equities | EGLBX vs GSIMX | |
| Kopernik International Fund | 0.53 | 0.46 | 0.56 | 66 | Foreign Large Cap Equities | EGLBX vs KGIIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EGLBX
Add EGLBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EGLBX