Looking to diversify beyond EKHAX? The mutual funds below have the lowest correlation with EKHAX — 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 EKHAX.
Best Diversifiers for EKHAX
3 mutual funds have low correlation with EKHAX (below 0.3), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.02, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.02 | 0.08 | 0.11 | 100 | High Yield Bonds | EKHAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.02 | 0.09 | 0.05 | 100 | High Yield Bonds | EKHAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.14 | 0.24 | 99 | High Yield Bonds | EKHAX vs RPHIX | |
| Fidelity Floating Rate High Income Fund | 0.32 | 0.40 | 0.49 | 92 | Bank Loan | EKHAX vs FFRHX | |
| Pioneer Corporate High Yield Fund | 0.33 | 0.58 | 0.71 | 52 | High Yield Bonds | EKHAX vs RCRYX |
See all 34 diversifiers for EKHAX
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