Looking to diversify beyond EQTIX? The mutual funds below have historically moved differently from EQTIX, 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 EQTIX
3 mutual funds have low correlation with EQTIX (below 0.3), 0 of which are negatively correlated. The least correlated is Green California Tax-Free Income Fund (CFNTX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Green California Tax-Free Income Fund | 0.21 | 0.16 | 0.13 | 67 | Municipal Bonds | EQTIX vs CFNTX | |
| Leader Short Term High Yield Bond Fund | 0.24 | 0.13 | 0.33 | 84 | Short-Term Bond | EQTIX vs LCCMX | |
| Lord Abbett Short Duration Income Fund | 0.27 | 0.12 | 0.11 | 88 | Total Bond Market | EQTIX vs LLDYX | |
| American Beacon Frontier Markets Income Fund | 0.35 | 0.27 | 0.28 | 99 | Emerging Markets Bonds | EQTIX vs AGEPX | |
| Shelton Tactical Credit Fund | 0.38 | 0.31 | 0.30 | 65 | Nontraditional Bonds | EQTIX vs DEBTX |
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