Looking to diversify beyond IEYYX? The mutual funds below have the lowest correlation with IEYYX — 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 IEYYX.
Best Diversifiers for IEYYX
3 mutual funds have low correlation with IEYYX (below 0.3), 0 of which are negatively correlated. The least correlated is Eagle MLP Strategy Fund (EGLIX) (Energy Equities) with a 1Y correlation of 0.24, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eagle MLP Strategy Fund | 0.24 | 0.49 | 0.69 | 51 | Energy Equities | IEYYX vs EGLIX | |
| Invesco SteelPath MLP Income Fund | 0.27 | 0.45 | 0.64 | 57 | Energy Equities | IEYYX vs MLPZX | |
| Invesco SteelPath MLP Select 40 Fund | 0.29 | 0.48 | 0.67 | 59 | Energy Equities | IEYYX vs MLPTX | |
| Vanguard Energy Index Fund Admiral Shares | 0.33 | 0.50 | 0.70 | 58 | Energy Equities | IEYYX vs VENAX | |
| Fidelity Select Energy Portfolio | 0.33 | 0.51 | 0.70 | 78 | Energy Equities | IEYYX vs FSENX |
See all 42 diversifiers for IEYYX
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