Looking to diversify beyond EUGDX? The mutual funds below have the lowest correlation with EUGDX — 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 EUGDX.
Best Diversifiers for EUGDX
1 mutual funds have low correlation with EUGDX (below 0.3), 1 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.00 | 0.02 | 0.02 | 99 | Ultrashort Bond | EUGDX vs MUIIX | |
| DoubleLine Shiller Enhanced International CAPE | 0.59 | 0.65 | 0.68 | 58 | Europe Equities | EUGDX vs DSEUX | |
| ProFunds Europe 30 Fund | 0.63 | 0.69 | 0.71 | 89 | Europe Equities | EUGDX vs UEPIX | |
| Fidelity 500 Index Fund | 0.67 | 0.68 | 0.72 | 73 | S&P 500 | EUGDX vs FXAIX |
Diversification Analysis
Build a portfolio that complements EUGDX
Add EUGDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EUGDX