Looking to diversify beyond EOD? The mutual funds below have historically moved differently from EOD, 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 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 0.08, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.08 | 0.28 | 0.43 | 94 | Dividend | EOD vs SVAAX | |
| American Century Equity Income Fund Class I | 0.31 | 0.43 | 0.56 | 85 | Dividend, Large Cap Value Equities | EOD vs ACIIX | |
| American Century Equity Income Fund | 0.32 | 0.43 | 0.56 | 84 | Dividend, Large Cap Value Equities | EOD vs TWEIX | |
| Pioneer Multi-Asset Income Fund A | 0.43 | 0.43 | 0.51 | 93 | Diversified Portfolio, Dividend | EOD vs PMAIX | |
| EuroPac International Dividend Income Fund Class A | 0.45 | 0.39 | 0.46 | 84 | Foreign Large Cap Equities, Dividend | EOD vs EPDPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EOD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is abrdn Total Dynamic Dividend Fund (AOD) (Financial Services) with a 1Y correlation of 0.62, roughly unchanged from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| abrdn Total Dynamic Dividend Fund | 0.62 | 0.64 | 0.70 | 89 | Financial Services |
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