Looking to diversify beyond EVUAX? The mutual funds below have the lowest correlation with EVUAX — 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 EVUAX.
Best Diversifiers for EVUAX
2 mutual funds have low correlation with EVUAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.12 | 0.15 | 0.14 | 98 | Ultrashort Bond | EVUAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.24 | 0.22 | 0.21 | 79 | Short-Term Bond | EVUAX vs SSHIX | |
| Allspring Disciplined U.S. Core Fund | 0.31 | 0.34 | 0.45 | 70 | Large Cap Blend Equities | EVUAX vs EVSAX | |
| Allspring Diversified Capital Builder Fund | 0.34 | 0.31 | 0.43 | 95 | Diversified Portfolio | EVUAX vs EKBAX | |
| Allspring Index Asset Allocation Fund | 0.35 | 0.40 | 0.49 | 57 | Diversified Portfolio | EVUAX vs SFAAX |
See all 7 diversifiers for EVUAX
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