Looking to diversify beyond EQNIX? The mutual funds below have the lowest correlation with EQNIX — 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 EQNIX.
Best Diversifiers for EQNIX
0 mutual funds have low correlation with EQNIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.49, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.49 | 0.59 | 0.69 | 78 | Large Cap Value Equities | EQNIX vs SVAIX | |
| Rational Equity Armor Fund | 0.62 | 0.69 | 0.74 | 55 | Large Cap Value Equities | EQNIX vs HDCTX | |
| Hennessy Cornerstone Value Fund | 0.65 | 0.76 | 0.82 | 81 | Large Cap Value Equities | EQNIX vs HFCVX | |
| Vanguard International High Dividend Yield Index F... | 0.74 | 0.74 | 0.79 | 80 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | EQNIX vs VIHAX | |
| Torray Fund | 0.76 | 0.87 | 0.91 | 64 | Large Cap Value Equities | EQNIX vs TORYX |
See all 32 diversifiers for EQNIX
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Diversification Analysis
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