Looking to diversify beyond ESPRX? The mutual funds below have the lowest correlation with ESPRX — 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 ESPRX.
Best Diversifiers for ESPRX
1 mutual funds have low correlation with ESPRX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Municipal Bond Fund Institutional Class (WMBIX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Municipal Bond Fund Institutional Class | 0.17 | 0.13 | 0.08 | 78 | Municipal Bonds | ESPRX vs WMBIX | |
| Aegis Value Fund | 0.40 | 0.47 | 0.55 | 87 | Small Cap Value Equities | ESPRX vs AVALX | |
| Bridgeway Ultra Small Company Market Fund | 0.68 | 0.76 | 0.77 | 76 | Small Cap Value Equities | ESPRX vs BRSIX | |
| Invesco Small Cap Value Fund | 0.76 | 0.83 | 0.87 | 87 | Small Cap Value Equities | ESPRX vs VSCAX | |
| Third Avenue Small Cap Value Fund | 0.83 | 0.79 | 0.84 | 80 | Small Cap Value Equities | ESPRX vs TASCX |
See all 23 diversifiers for ESPRX
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