Looking to diversify beyond ELFNX? The mutual funds below have historically moved differently from ELFNX, 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 ELFNX
3 mutual funds have low correlation with ELFNX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.07 | 0.13 | 91 | Inflation-Protected Bonds | ELFNX vs VTAPX | |
| Fidelity Flex Municipal Income Fund | 0.19 | 0.12 | 0.12 | 79 | Municipal Bonds | ELFNX vs FUENX | |
| Elfun Tax Exempt Income Fund | 0.21 | 0.14 | 0.11 | 79 | Municipal Bonds | ELFNX vs ELFTX | |
| State Street International Stock Selection Fund | 0.50 | 0.49 | 0.60 | 59 | Foreign Large Cap Equities | ELFNX vs SSAIX | |
| Vanguard Value Index Fund Admiral Shares | 0.50 | 0.62 | 0.72 | 93 | Large Cap Value Equities | ELFNX vs VVIAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ELFNX
Add ELFNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ELFNX