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Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to achieve long-term, after tax returns. The fund may invest up to 65% of assets in common stocks, which are acquired with the expectation of being held for the long-term. It may not invest more than 25% of assets in any one industry. The fund may invest up to 25% of assets in foreign securities, but no more than 15% in illiquid securities.

Looking to diversify beyond CAPEX? The mutual funds below have the lowest correlation with CAPEX — 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 CAPEX.

Best Diversifiers for CAPEX

0 mutual funds have low correlation with CAPEX (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 0.34, down from 0.85 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EFCNX
Emerald Insights Fund0.340.770.85
99
Large Cap Growth EquitiesCAPEX vs EFCNX
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.350.240.14
92
Long-ShortCAPEX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.410.300.14
67
Systematic TrendCAPEX vs ASFYX
IOLZX
ICON Equity Fund0.680.680.78
76
Large Cap Growth EquitiesCAPEX vs IOLZX
ONERX
One Rock Fund0.680.770.81
88
Large Cap Growth EquitiesCAPEX vs ONERX
See all 29 diversifiers for CAPEX

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