Looking to diversify beyond EWMCX? The mutual funds below have the lowest correlation with EWMCX — 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 EWMCX.
Best Diversifiers for EWMCX
0 mutual funds have low correlation with EWMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.31, down from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.31 | 0.72 | 0.81 | 98 | Large Cap Growth Equities | EWMCX vs EFCNX | |
| One Rock Fund | 0.63 | 0.72 | 0.77 | 87 | Large Cap Growth Equities | EWMCX vs ONERX | |
| Fidelity OTC Portfolio | 0.76 | 0.80 | 0.85 | 92 | Large Cap Growth Equities | EWMCX vs FOCPX | |
| Fidelity OTC Portfolio Class K | 0.76 | 0.80 | 0.85 | 93 | Large Cap Growth Equities | EWMCX vs FOCKX | |
| PrimeCap Odyssey Growth Fund | 0.77 | 0.84 | 0.88 | 93 | Large Cap Growth Equities | EWMCX vs POGRX |
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