Looking to diversify beyond ENGIX? The mutual funds below have historically moved differently from ENGIX, 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 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 0.87, roughly unchanged from 0.81 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Easterly Hedged Equity Fund | 0.87 | 0.80 | 0.81 | 84 | Options Trading | ENGIX vs JDIEX | |
| Fidelity ZERO Large Cap Index Fund | 0.89 | 0.86 | 0.89 | 59 | Large Cap Blend Equities | ENGIX vs FNILX |
Diversification Analysis
Build a portfolio that complements ENGIX
Add ENGIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ENGIX