Looking to diversify beyond ERH? The mutual funds below have historically moved differently from ERH, 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 ERH
6 mutual funds have low correlation with ERH (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 0.04, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.04 | 0.13 | 0.17 | 99 | Ultrashort Bond | ERH vs SADIX | |
| Allspring Small Company Value Fund | 0.14 | 0.26 | 0.33 | 73 | Small Cap Value Equities | ERH vs SCVAX | |
| Allspring Disciplined U.S. Core Fund | 0.16 | 0.26 | 0.35 | 65 | Large Cap Blend Equities | ERH vs EVSAX | |
| Allspring Index Asset Allocation Fund | 0.16 | 0.30 | 0.39 | 50 | Diversified Portfolio | ERH vs SFAAX | |
| Allspring Short-Term Bond Plus Fund | 0.18 | 0.20 | 0.21 | 84 | Short-Term Bond | ERH vs SSHIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ERH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.47, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.47 | 0.57 | 0.60 | 55 | Financial Services |
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