Looking to diversify beyond ELDFX? The mutual funds below have the lowest correlation with ELDFX — 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 ELDFX.
Best Diversifiers for ELDFX
2 mutual funds have low correlation with ELDFX (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 -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | 0.00 | 0.12 | 76 | Diversified Portfolio | ELDFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.11 | 0.21 | 0.49 | 69 | Diversified Portfolio | ELDFX vs MHELX | |
| Elfun Tax Exempt Income Fund | 0.35 | 0.30 | 0.25 | 70 | Municipal Bonds | ELDFX vs ELFTX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.56 | 0.61 | 95 | Diversified Portfolio | ELDFX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.35 | 0.56 | 0.62 | 95 | Diversified Portfolio | ELDFX vs FSRRX |
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