Looking to diversify beyond ETCTX? The mutual funds below have the lowest correlation with ETCTX — 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 ETCTX.
Best Diversifiers for ETCTX
13 mutual funds have low correlation with ETCTX (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 0.16, 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 | 0.16 | 0.13 | 0.08 | 55 | Large Cap Value Equities | ETCTX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.18 | 0.20 | 0.14 | 97 | Nontraditional Bonds | ETCTX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.18 | 0.14 | 0.18 | 97 | Emerging Markets Bonds | ETCTX vs EELDX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.33 | 0.39 | 99 | Municipal Bonds | ETCTX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.18 | — | 98 | Municipal Bonds | ETCTX vs FHMIX |
See all 24 diversifiers for ETCTX
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