Looking to diversify beyond EGRAX? The mutual funds below have the lowest correlation with EGRAX — 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 EGRAX.
Best Diversifiers for EGRAX
10 mutual funds have low correlation with EGRAX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of -0.06, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | -0.06 | 0.06 | 0.11 | 62 | Macro Trading | EGRAX vs PCBAX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.10 | -0.02 | -0.01 | 90 | Macro Trading | EGRAX vs MBXAX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.19 | 0.07 | 0.06 | 76 | Macro Trading | EGRAX vs RDMIX | |
| Eaton Vance Large-Cap Value Fund | 0.21 | 0.22 | 0.14 | 55 | Large Cap Value Equities | EGRAX vs EHSTX | |
| Easterly Hedged Equity Fund | 0.22 | 0.22 | 0.12 | 91 | Options Trading | EGRAX vs JDIEX |
See all 16 diversifiers for EGRAX
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