Looking to diversify beyond EGLIX? The mutual funds below have the lowest correlation with EGLIX — 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 EGLIX.
Best Diversifiers for EGLIX
4 mutual funds have low correlation with EGLIX (below 0.3), 1 of which are negatively correlated. The least correlated is Eaton Vance Municipal Opportunities Fund (EMOIX) (Municipal Bonds) with a 1Y correlation of -0.13, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Municipal Opportunities Fund | -0.13 | 0.02 | 0.02 | 86 | Municipal Bonds | EGLIX vs EMOIX | |
| Delaware Ivy Energy Fund | 0.22 | 0.46 | 0.67 | 88 | Energy Equities | EGLIX vs IEYYX | |
| Victory Global Energy Transition Fund Class Y | 0.25 | 0.47 | 0.63 | 95 | Energy Equities | EGLIX vs RSNYX | |
| Victory Global Energy Transition Fund | 0.27 | 0.48 | 0.63 | 94 | Energy Equities | EGLIX vs RSNRX | |
| Aegis Value Fund | 0.33 | 0.51 | 0.63 | 90 | Small Cap Value Equities | EGLIX vs AVALX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EGLIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EGLIX and solid risk/return profiles. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of 0.63, down from 0.73 over 5 years.
Build a portfolio that complements EGLIX
Add EGLIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EGLIX