Looking to diversify beyond ENGIX? The mutual funds below have the lowest correlation with ENGIX — 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 ENGIX.
Best Diversifiers for ENGIX
0 mutual funds have low correlation with ENGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Easterly Hedged Equity Fund (JDIEX) (Options Trading) with a 1Y correlation of 0.85, roughly unchanged from 0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Easterly Hedged Equity Fund | 0.85 | 0.79 | 0.80 | 91 | Options Trading | ENGIX vs JDIEX | |
| Fidelity ZERO Large Cap Index Fund | 0.89 | 0.86 | 0.89 | 71 | Large Cap Blend Equities | ENGIX vs FNILX |
Diversification Analysis
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