Looking to diversify beyond ESMAX? The mutual funds below have historically moved differently from ESMAX, 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 ESMAX
0 mutual funds have low correlation with ESMAX (below 0.3), 0 of which are negatively correlated. The least correlated is The Central and Eastern Europe Fund (CEE) (Europe Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Central and Eastern Europe Fund | 0.35 | 0.34 | 0.32 | 55 | Europe Equities | ESMAX vs CEE | |
| DoubleLine Shiller Enhanced International CAPE | 0.45 | 0.62 | 0.70 | 93 | Europe Equities | ESMAX vs DSEUX | |
| Invesco Comstock Fund | 0.66 | 0.58 | 0.61 | 83 | Large Cap Value Equities | ESMAX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.69 | 0.62 | 0.64 | 68 | Large Cap Blend Equities | ESMAX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.69 | 0.62 | 0.64 | 69 | S&P 500 | ESMAX vs VADDX |
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