Looking to diversify beyond ENIAX? The mutual funds below have the lowest correlation with ENIAX — 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 ENIAX.
Best Diversifiers for ENIAX
107 mutual funds have low correlation with ENIAX (below 0.3), 15 of which are negatively correlated. The least correlated is Federated Hermes Government Ultrashort Fund (FGUSX) (Ultrashort Bond) with a 1Y correlation of -0.18, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Government Ultrashort Fund | -0.18 | 0.07 | — | 98 | Ultrashort Bond | ENIAX vs FGUSX | |
| PIMCO Short Asset Investment Fund | -0.14 | -0.02 | 0.04 | 100 | Ultrashort Bond | ENIAX vs PAIPX | |
| SEI Multi-Asset Real Return Fund Class A | -0.09 | 0.10 | 0.10 | 79 | Inflation-Protected Bonds | ENIAX vs SEIAX | |
| DFA Two-Year Government Portfolio | -0.08 | 0.00 | 0.07 | 55 | Ultrashort Bond | ENIAX vs DFYGX | |
| Fidelity Series Treasury Bill Index Fund | -0.07 | 0.00 | 0.01 | 99 | Ultrashort Bond | ENIAX vs FHQFX |
See all 107 diversifiers for ENIAX
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