Looking to diversify beyond ETAZX? The mutual funds below have historically moved differently from ETAZX, 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 ETAZX
16 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 0.17, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.35 | 100 | Municipal Bonds | ETAZX vs DFSMX | |
| Eaton Vance Large-Cap Value Fund | 0.17 | 0.14 | 0.08 | 87 | Large Cap Value Equities | ETAZX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.19 | 0.15 | 0.09 | 99 | Nontraditional Bonds | ETAZX vs EIGMX | |
| abrdn Ultra Short Municipal Income Fund | 0.21 | 0.27 | 0.28 | 100 | Municipal Bonds | ETAZX vs ATOIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.23 | 0.20 | 0.16 | 98 | Nontraditional Bonds | ETAZX vs EGRIX |
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