Looking to diversify beyond EIM? The mutual funds below have the lowest correlation with EIM — 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 EIM.
Best Diversifiers for EIM
19 mutual funds have low correlation with EIM (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.04 | 0.16 | 0.19 | 99 | Municipal Bonds | EIM vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.06 | 0.20 | 0.22 | 99 | Municipal Bonds | EIM vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.10 | 0.08 | 98 | Municipal Bonds | EIM vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.10 | 0.18 | 0.21 | 99 | Municipal Bonds | EIM vs USMTX | |
| Nuveen Arizona Quality Municipal Income Fund | 0.10 | 0.36 | 0.37 | 61 | Municipal Bonds | EIM vs NAZ |
See all 25 diversifiers for EIM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EIM
Add EIM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EIM