Looking to diversify beyond EQNIX? The mutual funds below have historically moved differently from EQNIX, 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 EQNIX
3 mutual funds have low correlation with EQNIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.15, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.15 | 0.53 | 0.66 | 62 | Quality Factor, Large Cap Value Equities | EQNIX vs GQHPX | |
| Federated Hermes Equity Income Fund | 0.22 | 0.55 | 0.75 | 72 | Dividend, Large Cap Value Equities | EQNIX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.24 | 0.53 | 0.66 | 93 | Large Cap Value Equities | EQNIX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.41 | 0.56 | 0.68 | 93 | Dividend | EQNIX vs SVAAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.41 | 0.57 | 0.68 | 94 | Large Cap Value Equities | EQNIX vs SVAIX |
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