Looking to diversify beyond EITGX? The mutual funds below have historically moved differently from EITGX, 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 EITGX
0 mutual funds have low correlation with EITGX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.39, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.39 | 0.31 | 0.13 | 66 | Systematic Trend | EITGX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.41 | 0.26 | 0.16 | 97 | Equity Market Neutral | EITGX vs BDMIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.66 | 0.62 | 0.69 | 64 | Derivative Income | EITGX vs BDJ | |
| American Growth Fund Series One | 0.71 | 0.80 | 0.86 | 56 | Large Cap Growth Equities | EITGX vs AMRGX | |
| ICON Equity Fund | 0.71 | 0.70 | 0.78 | 80 | Large Cap Growth Equities | EITGX vs IOLZX |
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