Looking to diversify beyond EKJAX? The mutual funds below have the lowest correlation with EKJAX — 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 EKJAX.
Best Diversifiers for EKJAX
12 mutual funds have low correlation with EKJAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Municipal Income Fund (SMAIX) (Municipal Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Municipal Income Fund | 0.10 | 0.03 | 0.06 | 98 | Municipal Bonds | EKJAX vs SMAIX | |
| Allspring Ultra Short-Term Income Fund | 0.14 | 0.06 | 0.10 | 98 | Ultrashort Bond | EKJAX vs SADIX | |
| Allspring Short-Term Municipal Bond Fund | 0.14 | 0.09 | 0.08 | 72 | Municipal Bonds | EKJAX vs WSSCX | |
| Allspring High Yield Municipal Bond Fund | 0.14 | 0.10 | 0.10 | 74 | High Yield Muni | EKJAX vs WHYIX | |
| Allspring Pennsylvania Tax-Free Fund | 0.15 | 0.10 | 0.08 | 75 | Municipal Bonds | EKJAX vs EKVAX |
See all 57 diversifiers for EKJAX
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