Looking to diversify beyond ENIAX? The mutual funds below have historically moved differently from ENIAX, 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 ENIAX
106 mutual funds have low correlation with ENIAX (below 0.3), 17 of which are negatively correlated. The least correlated is Federated Hermes Government Ultrashort Fund (FGUSX) (Ultrashort Bond) with a 1Y correlation of -0.10, down from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Government Ultrashort Fund | -0.10 | 0.06 | — | 99 | Ultrashort Bond | ENIAX vs FGUSX | |
| Calvert Ultra-Short Duration Income Fund | -0.08 | 0.09 | 0.21 | 99 | Ultrashort Bond | ENIAX vs CULAX | |
| SEI Multi-Asset Real Return Fund Class A | -0.07 | 0.09 | 0.09 | 75 | Inflation-Protected Bonds | ENIAX vs SEIAX | |
| Fidelity Series Treasury Bill Index Fund | -0.07 | -0.01 | 0.01 | 100 | Ultrashort Bond | ENIAX vs FHQFX | |
| PIMCO Short Asset Investment Fund | -0.07 | -0.01 | 0.04 | 100 | Ultrashort Bond | ENIAX vs PAIPX |
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