Looking to diversify beyond EVDIX? The mutual funds below have the lowest correlation with EVDIX — 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 EVDIX.
Best Diversifiers for EVDIX
10 mutual funds have low correlation with EVDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Westchester Credit Event Fund (WCFRX) (Event Driven) with a 1Y correlation of 0.08, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Westchester Credit Event Fund | 0.08 | 0.22 | 0.37 | 57 | Event Driven | EVDIX vs WCFRX | |
| The Merger Fund Class I | 0.12 | 0.20 | 0.28 | 98 | Event Driven | EVDIX vs MERIX | |
| NexPoint Merger Arbitrage Fund | 0.13 | 0.19 | 0.24 | 99 | Event Driven | EVDIX vs HMEZX | |
| The Merger Fund | 0.14 | 0.19 | 0.28 | 97 | Event Driven | EVDIX vs MERFX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.18 | 0.20 | 0.22 | 99 | Event Driven | EVDIX vs VARBX |
See all 13 diversifiers for EVDIX
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