Looking to diversify beyond EICIX? The mutual funds below have the lowest correlation with EICIX — 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 EICIX.
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 Rational Equity Armor Fund (HDCTX) (Large Cap Value Equities) with a 1Y correlation of 0.30, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rational Equity Armor Fund | 0.30 | 0.36 | 0.54 | 55 | Large Cap Value Equities | EICIX vs HDCTX | |
| BNY Mellon Equity Income Fund | 0.50 | 0.56 | 0.72 | 89 | Large Cap Value Equities | EICIX vs DQIRX | |
| Neiman Large Cap Value Fund | 0.52 | 0.60 | 0.74 | 93 | Large Cap Value Equities | EICIX vs NEIMX | |
| Al Frank Fund | 0.62 | 0.68 | 0.80 | 95 | Large Cap Value Equities | EICIX vs VALAX | |
| Vanguard International High Dividend Yield Index F... | 0.63 | 0.62 | 0.71 | 80 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | EICIX vs VIHAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EICIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EICIX and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.01, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.01 | 0.18 | 0.29 | 99 | Technology | |
| Micron Technology, Inc. | 0.02 | 0.14 | 0.29 | 99 | Technology | |
| Eagle Point Credit Company Inc. | 0.04 | 0.11 | 0.15 | 81 | Financial Services | |
| Sandisk Corporation | 0.14 | — | — | 100 | Technology | |
| Teradyne, Inc. | 0.26 | 0.30 | 0.41 | 98 | Technology |
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Build a portfolio that complements EICIX
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Analyze a portfolio with EICIX