Looking to diversify beyond EVFMX? The mutual funds below have the lowest correlation with EVFMX — 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 EVFMX.
Best Diversifiers for EVFMX
1 mutual funds have low correlation with EVFMX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.51 | 67 | Diversified Portfolio | EVFMX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.60 | 0.66 | 82 | Diversified Portfolio | EVFMX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.60 | 0.66 | 86 | Diversified Portfolio | EVFMX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.60 | 0.66 | 88 | Diversified Portfolio | EVFMX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.61 | 0.67 | 87 | Diversified Portfolio | EVFMX vs FSRRX |
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