Looking to diversify beyond EOD? The mutual funds below have the lowest correlation with EOD — 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 EOD.
Best Diversifiers for EOD
1 mutual funds have low correlation with EOD (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.19, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.19 | 0.33 | 0.46 | 68 | Dividend | EOD vs SVAAX | |
| EuroPac International Dividend Income Fund Class A | 0.40 | 0.40 | 0.47 | 87 | Foreign Large Cap Equities, Dividend | EOD vs EPDPX | |
| The Gabelli Convertible and Income Securities Fund... | 0.42 | 0.35 | 0.35 | 86 | Convertible Bonds | EOD vs GCV | |
| Pioneer Multi-Asset Income Fund A | 0.47 | 0.45 | 0.52 | 89 | Diversified Portfolio, Dividend | EOD vs PMAIX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.53 | 0.58 | 0.65 | 68 | Large Cap Value Equities, Dividend | EOD vs CDDYX |
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