Looking to diversify beyond EIGMX? The mutual funds below have the lowest correlation with EIGMX — 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 EIGMX.
Best Diversifiers for EIGMX
86 mutual funds have low correlation with EIGMX (below 0.3), 4 of which are negatively correlated. The least correlated is PGIM Securitized Credit Fund (SCFZX) (Nontraditional Bonds) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Securitized Credit Fund | -0.10 | 0.00 | 0.12 | 100 | Nontraditional Bonds | EIGMX vs SCFZX | |
| Putnam Mortgage Opportunities Fund | -0.07 | -0.02 | 0.06 | 87 | Nontraditional Bonds | EIGMX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.06 | — | — | 100 | Nontraditional Bonds | EIGMX vs CBYYX | |
| Pioneer Securitized Income Fund | -0.02 | 0.11 | 0.08 | 77 | Nontraditional Bonds | EIGMX vs SYFFX | |
| NexPoint Merger Arbitrage Fund | 0.02 | 0.09 | 0.06 | 99 | Event Driven | EIGMX vs HMEZX |
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