Looking to diversify beyond EGRIX? The mutual funds below have the lowest correlation with EGRIX — 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 EGRIX.
Best Diversifiers for EGRIX
88 mutual funds have low correlation with EGRIX (below 0.3), 3 of which are negatively correlated. The least correlated is PGIM Securitized Credit Fund (SCFZX) (Nontraditional Bonds) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Securitized Credit Fund | -0.09 | -0.08 | 0.09 | 99 | Nontraditional Bonds | EGRIX vs SCFZX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.07 | — | — | 100 | Nontraditional Bonds | EGRIX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | -0.03 | -0.03 | 0.05 | 74 | Nontraditional Bonds | EGRIX vs PMOTX | |
| Symmetry Panoramic Alternatives Fund | 0.04 | 0.05 | 0.10 | 97 | Multistrategy | EGRIX vs SPATX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.06 | -0.06 | 0.02 | 99 | Total Bond Market | EGRIX vs JSOSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EGRIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EGRIX and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.02 | 0.12 | 0.09 | 54 | Financial Services | |
| Eni S.p.A. | 0.12 | 0.16 | 0.10 | 91 | Energy |
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