Looking to diversify beyond ESGIX? The mutual funds below have historically moved differently from ESGIX, 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 ESGIX
0 mutual funds have low correlation with ESGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.34, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.16 | 0.13 | 95 | Large Cap Blend Equities | ESGIX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.45 | 0.61 | 0.78 | 58 | Large Cap Blend Equities | ESGIX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.45 | 0.61 | 0.78 | 58 | Large Cap Blend Equities | ESGIX vs QKACX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.37 | 0.42 | 57 | Preferred Stock | ESGIX vs ORDNX | |
| Muhlenkamp Fund | 0.62 | 0.72 | 0.76 | 50 | Large Cap Blend Equities | ESGIX vs MUHLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ESGIX, 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 STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.23, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| STAG Industrial, Inc. | 0.23 | 0.41 | 0.50 | 59 | Real Estate |
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