Looking to diversify beyond EITEX? The mutual funds below have historically moved differently from EITEX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EITEX
1 mutual funds have low correlation with EITEX (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 0.27, up from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.27 | 0.09 | 0.04 | 97 | Equity Market Neutral | EITEX vs BDMIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.32 | 0.54 | 0.65 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | EITEX vs GSIYX | |
| The Cook & Bynum Fund | 0.37 | 0.46 | 0.53 | 66 | Emerging Markets Equities | EITEX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.47 | 0.62 | 0.69 | 92 | Emerging Markets Equities | EITEX vs ESCIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.50 | 0.48 | 0.53 | 64 | Derivative Income | EITEX vs BDJ |
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