Looking to diversify beyond EKSAX? The mutual funds below have historically moved differently from EKSAX, 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 EKSAX
4 mutual funds have low correlation with EKSAX (below 0.3), 1 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 -0.23, down from 0.09 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... | -0.23 | -0.03 | 0.09 | 83 | Diversified Portfolio | EKSAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.17 | 0.47 | 66 | Diversified Portfolio | EKSAX vs MHELX | |
| Allspring Alternative Risk Premia Fund | 0.18 | 0.09 | -0.05 | 96 | Multistrategy | EKSAX vs WRPIX | |
| Allspring Ultra Short-Term Income Fund | 0.19 | 0.15 | 0.22 | 99 | Ultrashort Bond | EKSAX vs SADIX | |
| Concorde Wealth Management Fund | 0.30 | 0.51 | 0.63 | 83 | Diversified Portfolio | EKSAX vs CONWX |
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