Looking to diversify beyond EXG? The mutual funds below have the lowest correlation with EXG — 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 EXG.
Best Diversifiers for EXG
36 mutual funds have low correlation with EXG (below 0.3), 0 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class I (EIPCX) (Commodities) with a 1Y correlation of 0.11, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class I | 0.11 | 0.18 | 0.23 | 57 | Commodities | EXG vs EIPCX | |
| Parametric Commodity Strategy Fund Class A | 0.12 | 0.18 | 0.22 | 55 | Commodities | EXG vs EAPCX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.17 | 0.17 | 0.21 | 65 | Inflation-Protected Bonds | EXG vs EARRX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.18 | 0.19 | 0.21 | 72 | Inflation-Protected Bonds | EXG vs EIRRX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.20 | 0.34 | 0.45 | 77 | Dividend | EXG vs SVAAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXG and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.01 | 0.11 | 70 | Consumer Defensive | |
| Chevron Corporation | -0.14 | 0.08 | 0.20 | 68 | Energy | |
| Enterprise Products Partners L.P. | -0.11 | 0.17 | 0.28 | 82 | Energy | |
| Western Midstream Partners, LP | -0.06 | 0.22 | 0.30 | 73 | Energy | |
| FLEX LNG Ltd | -0.04 | 0.13 | 0.21 | 84 | Energy |
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Build a portfolio that complements EXG
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