Looking to diversify beyond EICIX? The mutual funds below have historically moved differently from EICIX, 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 EICIX
1 mutual funds have low correlation with EICIX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.22 | 0.50 | 0.67 | 89 | Large Cap Value Equities | EICIX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.36 | 0.57 | 0.69 | 93 | Large Cap Value Equities | EICIX vs LEXCX | |
| Neiman Large Cap Value Fund | 0.38 | 0.54 | 0.70 | 95 | Large Cap Value Equities | EICIX vs NEIMX | |
| BNY Mellon Equity Income Fund | 0.42 | 0.52 | 0.70 | 87 | Dividend, Large Cap Value Equities | EICIX vs DQIRX | |
| Al Frank Fund | 0.43 | 0.61 | 0.75 | 93 | Large Cap Value Equities | EICIX vs VALAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EICIX, 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 Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.08, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.08 | 0.12 | 0.25 | 98 | Technology | |
| Micron Technology, Inc. | -0.07 | 0.09 | 0.25 | 99 | Technology | |
| Coherent Corp. | -0.03 | 0.15 | 0.31 | 87 | Technology | |
| Sandisk Corporation | -0.00 | — | — | 100 | Technology | |
| Teradyne, Inc. | 0.09 | 0.23 | 0.36 | 96 | Technology |
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