Looking to diversify beyond EQIIX? The mutual funds below have the lowest correlation with EQIIX — 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 EQIIX.
Best Diversifiers for EQIIX
2 mutual funds have low correlation with EQIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.13 | 0.03 | 0.08 | 98 | Ultrashort Bond | EQIIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.13 | 0.11 | 0.11 | 82 | Short-Term Bond | EQIIX vs SSHIX | |
| Fidelity 500 Index Fund | 0.47 | 0.52 | 0.56 | 73 | S&P 500 | EQIIX vs FXAIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.47 | 0.62 | 0.68 | 86 | Emerging Markets Diversified | EQIIX vs ESCIX | |
| Allspring Disciplined U.S. Core Fund | 0.48 | 0.52 | 0.56 | 75 | Large Cap Blend Equities | EQIIX vs EVSAX |
See all 28 diversifiers for EQIIX
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Diversification Analysis
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