Looking to diversify beyond EVSAX? The mutual funds below have the lowest correlation with EVSAX — 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 EVSAX.
Best Diversifiers for EVSAX
12 mutual funds have low correlation with EVSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Municipal Income Fund (SMAIX) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Municipal Income Fund | 0.08 | 0.04 | 0.05 | 98 | Municipal Bonds | EVSAX vs SMAIX | |
| Allspring High Yield Municipal Bond Fund | 0.12 | 0.11 | 0.10 | 80 | High Yield Muni | EVSAX vs WHYIX | |
| Allspring Ultra Short-Term Income Fund | 0.13 | 0.07 | 0.12 | 98 | Ultrashort Bond | EVSAX vs SADIX | |
| Allspring Pennsylvania Tax-Free Fund | 0.14 | 0.12 | 0.08 | 78 | Municipal Bonds | EVSAX vs EKVAX | |
| Allspring Minnesota Tax-Free Fund | 0.16 | 0.12 | 0.09 | 84 | Municipal Bonds | EVSAX vs NMTFX |
See all 65 diversifiers for EVSAX
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