Looking to diversify beyond EPSYX? The mutual funds below have the lowest correlation with EPSYX — 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 EPSYX.
Best Diversifiers for EPSYX
3 mutual funds have low correlation with EPSYX (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 0.24, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay MacKay Short Term Municipal Fund | 0.24 | 0.18 | 0.10 | 79 | Municipal Bonds | EPSYX vs MSTIX | |
| MainStay Floating Rate Fund | 0.28 | 0.28 | 0.27 | 64 | Bank Loan | EPSYX vs MXFIX | |
| MainStay Short Term Bond Fund | 0.30 | 0.23 | 0.19 | 85 | Short-Term Bond | EPSYX vs MIXIX | |
| MainStay MacKay Strategic Bond Fund | 0.40 | 0.30 | 0.33 | 75 | Nontraditional Bonds | EPSYX vs MASAX | |
| MainStay Candriam Emerging Markets Debt Fund | 0.47 | 0.38 | 0.37 | 74 | Emerging Markets Bonds | EPSYX vs MGHAX |
See all 117 diversifiers for EPSYX
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