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 AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.27, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.27 | 0.52 | 0.68 | 86 | Large Cap Value Equities | EICIX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.39 | 0.59 | 0.70 | 68 | Large Cap Value Equities | EICIX vs LEXCX | |
| Neiman Large Cap Value Fund | 0.42 | 0.56 | 0.72 | 93 | Large Cap Value Equities | EICIX vs NEIMX | |
| BNY Mellon Equity Income Fund | 0.44 | 0.53 | 0.70 | 88 | Large Cap Value Equities | EICIX vs DQIRX | |
| Al Frank Fund | 0.50 | 0.64 | 0.77 | 93 | Large Cap Value Equities | EICIX vs VALAX |
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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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.04, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.04 | 0.12 | 0.27 | 99 | Technology | |
| Lumentum Holdings Inc. | -0.03 | 0.15 | 0.27 | 99 | Technology | |
| Coherent Corp. | 0.04 | 0.18 | 0.33 | 95 | Technology | |
| Sandisk Corporation | 0.07 | 0.13 | 0.13 | 100 | Technology | |
| Teradyne, Inc. | 0.15 | 0.26 | 0.39 | 97 | Technology |
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Build a portfolio that complements EICIX
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Analyze a portfolio with EICIX