Looking to diversify beyond EKBAX? The mutual funds below have the lowest correlation with EKBAX — 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 EKBAX.
Best Diversifiers for EKBAX
22 mutual funds have low correlation with EKBAX (below 0.3), 2 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 -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.11 | -0.03 | 0.07 | 65 | Diversified Portfolio | EKBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.12 | 0.45 | 66 | Diversified Portfolio | EKBAX vs MHELX | |
| Hennessy Total Return Fund | 0.01 | 0.26 | 0.46 | 51 | Diversified Portfolio | EKBAX vs HDOGX | |
| Hennessy Balanced Fund | 0.08 | 0.31 | 0.48 | 82 | Diversified Portfolio | EKBAX vs HBFBX | |
| Fairholme Focused Income Fund | 0.10 | 0.31 | 0.48 | 57 | High Yield Bonds | EKBAX vs FOCIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EKBAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EKBAX and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.01, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.01 | 0.22 | 0.31 | 85 | Energy | |
| Kinder Morgan, Inc. | 0.03 | 0.23 | 0.35 | 76 | Energy | |
| Energy Transfer LP | 0.08 | 0.29 | 0.36 | 83 | Energy | |
| Annaly Capital Management, Inc. | 0.26 | 0.40 | 0.49 | 85 | Real Estate | |
| Dynex Capital, Inc. | 0.27 | 0.37 | 0.44 | 77 | Real Estate |
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