Looking to diversify beyond EMAYX? The mutual funds below have historically moved differently from EMAYX, 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 EMAYX
3 mutual funds have low correlation with EMAYX (below 0.3), 0 of which are negatively correlated. The least correlated is Vivaldi Merger Arbitrage Fund Class I (VARBX) (Event Driven) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.21 | 0.20 | 0.26 | 99 | Event Driven | EMAYX vs VARBX | |
| The Merger Fund Class I | 0.28 | 0.34 | 0.41 | 97 | Event Driven | EMAYX vs MERIX | |
| NexPoint Merger Arbitrage Fund | 0.28 | 0.32 | 0.37 | 99 | Event Driven | EMAYX vs HMEZX | |
| The Merger Fund | 0.32 | 0.34 | 0.41 | 96 | Event Driven | EMAYX vs MERFX | |
| Dunham Monthly Distribution Fund | 0.40 | 0.45 | 0.48 | 86 | Event Driven | EMAYX vs DAMDX |
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