Looking to diversify beyond EPSYX? The mutual funds below have historically moved differently from EPSYX, 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 EPSYX
4 mutual funds have low correlation with EPSYX (below 0.3), 0 of which are negatively correlated. The least correlated is MainStay Cushing MLP Premier Fund (CSHZX) (Energy Equities) with a 1Y correlation of 0.13, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay Cushing MLP Premier Fund | 0.13 | 0.40 | 0.53 | 72 | Energy Equities | EPSYX vs CSHZX | |
| MainStay Short Term Bond Fund | 0.24 | 0.22 | 0.19 | 84 | Short-Term Bond | EPSYX vs MIXIX | |
| MainStay MacKay Short Term Municipal Fund | 0.25 | 0.17 | 0.11 | 65 | Municipal Bonds | EPSYX vs MSTIX | |
| MainStay Floating Rate Fund | 0.28 | 0.28 | 0.27 | 56 | Bank Loan | EPSYX vs MXFIX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.38 | 0.33 | 0.37 | 92 | Multistrategy, Systematic Trend, Global Equities | EPSYX vs MBXIX |
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