Looking to diversify beyond EPDPX? The mutual funds below have historically moved differently from EPDPX, 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 EPDPX
1 mutual funds have low correlation with EPDPX (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 0.23, down from 0.55 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... | 0.23 | 0.42 | 0.55 | 93 | Dividend | EPDPX vs SVAAX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.41 | 0.37 | 0.41 | 74 | High Yield Bonds | EPDPX vs VWEHX | |
| Hartford Equity Income Fund Class I | 0.42 | 0.50 | 0.58 | 74 | Dividend | EPDPX vs HQIIX | |
| MainStay Epoch U.S. Equity Yield Fund | 0.47 | 0.47 | 0.55 | 92 | Large Cap Value Equities | EPDPX vs EPLCX | |
| ClearBridge Dividend Strategy Fund Class I | 0.48 | 0.49 | 0.56 | 64 | Dividend | EPDPX vs SOPYX |
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