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Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 15, 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 BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.40, up from 0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.400.260.15
96
Equity Market NeutralCAPEX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.420.310.14
56
Systematic TrendCAPEX vs ASFYX
BPTRX
Baron Partners Fund0.560.620.70
59
Large Cap Growth EquitiesCAPEX vs BPTRX
ONERX
One Rock Fund0.660.760.80
89
Large Cap Growth EquitiesCAPEX vs ONERX
IOLZX
ICON Equity Fund0.690.690.78
73
Large Cap Growth EquitiesCAPEX vs IOLZX
See all 32 diversifiers for CAPEX

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