Looking to diversify beyond EMAYX? The mutual funds below have the lowest correlation with EMAYX — 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 EMAYX.
Best Diversifiers for EMAYX
2 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.21 | 0.19 | 0.26 | 98 | Event Driven | EMAYX vs VARBX | |
| The Merger Fund Class I | 0.29 | 0.35 | 0.41 | 98 | Event Driven | EMAYX vs MERIX | |
| NexPoint Merger Arbitrage Fund | 0.31 | 0.32 | 0.37 | 99 | Event Driven | EMAYX vs HMEZX | |
| The Merger Fund | 0.33 | 0.35 | 0.42 | 97 | Event Driven | EMAYX vs MERFX | |
| Dunham Monthly Distribution Fund | 0.41 | 0.45 | 0.48 | 97 | Event Driven | EMAYX vs DAMDX |
See all 20 diversifiers for EMAYX
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