Looking to diversify beyond EGRIX? The mutual funds below have historically moved differently from EGRIX, 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 EGRIX
83 mutual funds have low correlation with EGRIX (below 0.3), 5 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.13, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | -0.13 | -0.04 | -0.01 | 89 | Multistrategy | EGRIX vs QSPIX | |
| PGIM Securitized Credit Fund | -0.11 | -0.06 | 0.10 | 100 | Nontraditional Bonds | EGRIX vs SCFZX | |
| Putnam Mortgage Opportunities Fund | -0.07 | -0.02 | 0.04 | 88 | Nontraditional Bonds | EGRIX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.05 | — | — | 100 | Nontraditional Bonds | EGRIX vs CBYYX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.02 | 0.05 | 0.04 | 68 | Commodities | EGRIX vs PCLAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EGRIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Pathward Financial, Inc. (CASH) (Financial Services) with a 1Y correlation of -0.02, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | -0.02 | 0.10 | 0.08 | 65 | Financial Services | |
| Eni S.p.A. | 0.13 | 0.15 | 0.10 | 93 | Energy |
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