Looking to diversify beyond ESMAX? The mutual funds below have the lowest correlation with ESMAX — 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 ESMAX.
Best Diversifiers for ESMAX
0 mutual funds have low correlation with ESMAX (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Shiller Enhanced International CAPE (DSEUX) (Europe Equities) with a 1Y correlation of 0.47, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Shiller Enhanced International CAPE | 0.47 | 0.63 | 0.70 | 66 | Europe Equities | ESMAX vs DSEUX | |
| Invesco Comstock Fund | 0.68 | 0.59 | 0.61 | 68 | Large Cap Value Equities | ESMAX vs ACSTX | |
| ProFunds Europe 30 Fund | 0.72 | 0.71 | 0.74 | 85 | Europe Equities | ESMAX vs UEPIX | |
| Invesco Nasdaq 100 Index Fund | 0.75 | 0.56 | 0.58 | 59 | Large Cap Growth Equities | ESMAX vs IVNQX | |
| Invesco EQV European Equity Fund | 0.77 | 0.83 | 0.85 | 53 | Europe Equities | ESMAX vs AEDAX |
See all 8 diversifiers for ESMAX
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