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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

See all 113 diversifiers for EGRIX

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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

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Pathward Financial, Inc.-0.020.100.08
65
Financial Services
Eni S.p.A.0.130.150.10
93
Energy

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Diversification Analysis

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