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
13 mutual funds have low correlation with ETAZX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Large-Cap Value Fund (EHSTX) (Large Cap Value Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.13 | 0.14 | 0.08 | 55 | Large Cap Value Equities | ETAZX vs EHSTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.30 | 0.37 | 99 | Municipal Bonds | ETAZX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.26 | 0.35 | 99 | Municipal Bonds | ETAZX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.41 | 99 | Municipal Bonds | ETAZX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.28 | — | 100 | Municipal Bonds | ETAZX vs DFABX |
See all 24 diversifiers for ETAZX
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