Looking to diversify beyond ECHMX? The mutual funds below have the lowest correlation with ECHMX — 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 ECHMX.
Best Diversifiers for ECHMX
15 mutual funds have low correlation with ECHMX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.18 | 0.21 | 96 | Municipal Bonds | ECHMX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.19 | 0.22 | 95 | Municipal Bonds | ECHMX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.12 | 0.26 | 0.35 | 99 | Municipal Bonds | ECHMX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.32 | 0.38 | 99 | Municipal Bonds | ECHMX vs USMSX | |
| Eaton Vance Large-Cap Value Fund | 0.16 | 0.13 | 0.08 | 55 | Large Cap Value Equities | ECHMX vs EHSTX |
See all 27 diversifiers for ECHMX
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