Looking to diversify beyond EPLCX? The mutual funds below have the lowest correlation with EPLCX — 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 EPLCX.
Best Diversifiers for EPLCX
4 mutual funds have low correlation with EPLCX (below 0.3), 0 of which are negatively correlated. The least correlated is MainStay MacKay Short Term Municipal Fund (MSTIX) (Municipal Bonds) with a 1Y correlation of 0.18, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay MacKay Short Term Municipal Fund | 0.18 | 0.15 | 0.08 | 79 | Municipal Bonds | EPLCX vs MSTIX | |
| MainStay Floating Rate Fund | 0.23 | 0.25 | 0.24 | 64 | Bank Loan | EPLCX vs MXFIX | |
| MainStay Short Term Bond Fund | 0.25 | 0.18 | 0.15 | 85 | Short-Term Bond | EPLCX vs MIXIX | |
| Federated Hermes Equity Income Fund | 0.28 | 0.59 | 0.77 | 65 | Large Cap Value Equities | EPLCX vs LEIFX | |
| MainStay MacKay Strategic Bond Fund | 0.35 | 0.25 | 0.28 | 75 | Nontraditional Bonds | EPLCX vs MASAX |
See all 51 diversifiers for EPLCX
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