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
1 mutual funds have low correlation with ELDFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.10, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.10 | 0.18 | 0.48 | 75 | Diversified Portfolio | ELDFX vs MHELX | |
| Elfun Tax Exempt Income Fund | 0.34 | 0.30 | 0.25 | 71 | Municipal Bonds | ELDFX vs ELFTX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.61 | 82 | Diversified Portfolio | ELDFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.61 | 87 | Diversified Portfolio | ELDFX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.56 | 0.62 | 86 | Diversified Portfolio | ELDFX vs FSRRX |
See all 34 diversifiers for ELDFX
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