Looking to diversify beyond ENHNX? The mutual funds below have the lowest correlation with ENHNX — 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 ENHNX.
Best Diversifiers for ENHNX
4 mutual funds have low correlation with ENHNX (below 0.3), 0 of which are negatively correlated. The least correlated is Cullen Emerging Markets High Dividend Fund (CEMFX) (Emerging Markets Diversified) with a 1Y correlation of 0.16, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen Emerging Markets High Dividend Fund | 0.16 | 0.27 | 0.42 | 89 | Emerging Markets Diversified | ENHNX vs CEMFX | |
| BlackRock Enhanced Large Cap Core Fund | 0.20 | 0.36 | 0.51 | 80 | Derivative Income | ENHNX vs CII | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.21 | 0.28 | 0.41 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | ENHNX vs QQQX | |
| Virtus Equity & Convertible Income Fund | 0.28 | 0.38 | 0.51 | 74 | Derivative Income | ENHNX vs NIE | |
| WisdomTree Equity Premium Income Fund | 0.37 | 0.44 | 0.55 | 57 | Derivative Income, S&P 500 | ENHNX vs PUTW |
See all 11 diversifiers for ENHNX
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