Looking to diversify beyond EXG? The mutual funds below have historically moved differently from EXG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EXG
12 mutual funds have low correlation with EXG (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.06, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.06 | 0.24 | 0.30 | 58 | Energy Equities | EXG vs SRV | |
| Parametric Commodity Strategy Fund Class A | 0.12 | 0.16 | 0.22 | 84 | Commodities | EXG vs EAPCX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.12 | 0.31 | 0.44 | 93 | Dividend | EXG vs SVAAX | |
| Parametric Commodity Strategy Fund Class I | 0.12 | 0.17 | 0.22 | 85 | Commodities | EXG vs EIPCX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.19 | 0.21 | 0.10 | 99 | Nontraditional Bonds | EXG vs EIGMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EXG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.03 | 0.09 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.16 | 0.05 | 0.18 | 80 | Energy | |
| Enterprise Products Partners L.P. | -0.14 | 0.15 | 0.27 | 89 | Energy | |
| Energy Transfer LP | -0.10 | 0.20 | 0.30 | 81 | Energy | |
| FLEX LNG Ltd | -0.07 | 0.10 | 0.19 | 84 | Energy |
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