Looking to diversify beyond EKBAX? The mutual funds below have historically moved differently from EKBAX, 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 EKBAX
21 mutual funds have low correlation with EKBAX (below 0.3), 3 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | -0.05 | 0.06 | 77 | Diversified Portfolio | EKBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.11 | 0.45 | 66 | Diversified Portfolio | EKBAX vs MHELX | |
| Hennessy Total Return Fund | -0.02 | 0.25 | 0.45 | 68 | Diversified Portfolio | EKBAX vs HDOGX | |
| Fairholme Focused Income Fund | 0.03 | 0.28 | 0.46 | 71 | High Yield Bonds | EKBAX vs FOCIX | |
| Hennessy Balanced Fund | 0.06 | 0.30 | 0.47 | 89 | Diversified Portfolio | EKBAX vs HBFBX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EKBAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.01, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.01 | 0.21 | 0.30 | 88 | Energy | |
| Kinder Morgan, Inc. | 0.03 | 0.23 | 0.34 | 67 | Energy | |
| Energy Transfer LP | 0.06 | 0.29 | 0.35 | 82 | Energy | |
| Dynex Capital, Inc. | 0.25 | 0.35 | 0.43 | 71 | Real Estate | |
| Annaly Capital Management, Inc. | 0.25 | 0.38 | 0.48 | 75 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EKBAX
Add EKBAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EKBAX