Looking to diversify beyond ETAZX? The mutual funds below have the lowest correlation with ETAZX — 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 ETAZX.
Best Diversifiers for ETAZX
15 mutual funds have low correlation with ETAZX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.14, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.26 | 0.35 | 99 | Municipal Bonds | ETAZX vs DFSMX | |
| Eaton Vance Large-Cap Value Fund | 0.15 | 0.15 | 0.08 | 63 | Large Cap Value Equities | ETAZX vs EHSTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.31 | 0.37 | 99 | Municipal Bonds | ETAZX vs USMSX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.23 | 0.21 | 0.15 | 98 | Nontraditional Bonds | ETAZX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.23 | 0.15 | 0.18 | 98 | Emerging Markets Bonds | ETAZX vs EELDX |
See all 27 diversifiers for ETAZX
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