Looking to diversify beyond EKHAX? The mutual funds below have historically moved differently from EKHAX, 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 EKHAX
4 mutual funds have low correlation with EKHAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund Class I Shares (CCLFX) (Bank Loan) with a 1Y correlation of 0.01, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 0.01 | 0.07 | 0.12 | 100 | Bank Loan, High Yield Bonds | EKHAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.02 | 0.09 | 0.05 | 100 | High Yield Bonds | EKHAX vs XILSX | |
| Fairholme Focused Income Fund | 0.02 | 0.17 | 0.29 | 73 | High Yield Bonds | EKHAX vs FOCIX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.15 | 0.24 | 100 | High Yield Bonds | EKHAX vs RPHIX | |
| Allspring Ultra Short-Term Income Fund | 0.31 | 0.35 | 0.36 | 99 | Ultrashort Bond | EKHAX vs SADIX |
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