Looking to diversify beyond EIFAX? The mutual funds below have historically moved differently from EIFAX, 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 EIFAX
11 mutual funds have low correlation with EIFAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.13 | -0.02 | 0.09 | 93 | Bank Loan | EIFAX vs XPTFX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.02 | 0.14 | 0.19 | 99 | Nontraditional Bonds | EIFAX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.07 | 0.15 | 0.18 | 98 | Nontraditional Bonds | EIFAX vs EGRIX | |
| River Canyon Total Return Bond Fund | 0.09 | 0.14 | 0.18 | 85 | Short-Term Bond | EIFAX vs RCTIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.13 | 0.13 | 0.18 | 100 | Bank Loan, High Yield Bonds | EIFAX vs CCLFX |
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