Looking to diversify beyond ERH? The mutual funds below have the lowest correlation with ERH — 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 ERH.
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 0.11, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.11 | 0.15 | 0.17 | 98 | Ultrashort Bond | ERH vs SADIX | |
| Allspring Small Company Value Fund | 0.15 | 0.26 | 0.33 | 51 | Small Cap Value Equities | ERH vs SCVAX | |
| Allspring Short-Term Bond Plus Fund | 0.15 | 0.19 | 0.21 | 81 | Short-Term Bond | ERH vs SSHIX | |
| Allspring Disciplined U.S. Core Fund | 0.18 | 0.26 | 0.35 | 70 | Large Cap Blend Equities | ERH vs EVSAX | |
| Allspring Index Asset Allocation Fund | 0.18 | 0.31 | 0.39 | 59 | Diversified Portfolio | ERH vs SFAAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERH and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.50, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.50 | 0.60 | 0.60 | 81 | Financial Services |
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