Looking to diversify beyond EGOIX? The mutual funds below have historically moved differently from EGOIX, 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 EGOIX
2 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 0.16, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.16 | 0.08 | 0.13 | 99 | Ultrashort Bond | EGOIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.27 | 0.13 | 0.13 | 84 | Short-Term Bond | EGOIX vs SSHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.13 | 0.12 | 97 | Large Cap Blend Equities | EGOIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.34 | 0.40 | 59 | Preferred Stock | EGOIX vs ORDNX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.54 | 0.70 | 0.78 | 61 | Low Volatility | EGOIX vs FSUVX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EGOIX
Add EGOIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EGOIX