Looking to diversify beyond EGOIX? The mutual funds below have the lowest correlation with EGOIX — 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 EGOIX.
Best Diversifiers for EGOIX
3 mutual funds have low correlation with EGOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.14 | 0.08 | 0.12 | 99 | Ultrashort Bond | EGOIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.26 | 0.14 | 0.13 | 88 | Short-Term Bond | EGOIX vs SSHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.13 | 0.11 | 95 | Large Cap Blend Equities | EGOIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.33 | 0.40 | 69 | Large Cap Blend Equities | EGOIX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.58 | 0.58 | 0.65 | 61 | Large Cap Blend Equities, Foreign Large Cap Equities | EGOIX vs SGOIX |
See all 41 diversifiers for EGOIX
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Diversification Analysis
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