Looking to diversify beyond ETCTX? The mutual funds below have historically moved differently from ETCTX, 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 ETCTX
11 mutual funds have low correlation with ETCTX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.18 | 0.14 | 0.09 | 99 | Nontraditional Bonds | ETCTX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.20 | 0.18 | 0.15 | 98 | Nontraditional Bonds | ETCTX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.20 | 0.14 | 0.08 | 87 | Large Cap Value Equities | ETCTX vs EHSTX | |
| abrdn Ultra Short Municipal Income Fund | 0.23 | 0.27 | 0.27 | 100 | Municipal Bonds | ETCTX vs ATOIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.24 | 0.32 | 0.39 | 98 | Municipal Bonds | ETCTX vs USMSX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ETCTX
Add ETCTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ETCTX