Looking to diversify beyond ETG? The mutual funds below have historically moved differently from ETG, 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 ETG
36 mutual funds have low correlation with ETG (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.06, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.06 | 0.42 | 0.53 | 68 | Quality Factor, Global Equities | ETG vs GQFPX | |
| Parametric Commodity Strategy Fund Class A | 0.11 | 0.18 | 0.24 | 85 | Commodities | ETG vs EAPCX | |
| Parametric Commodity Strategy Fund Class I | 0.12 | 0.19 | 0.24 | 86 | Commodities | ETG vs EIPCX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.15 | 0.14 | 0.20 | 54 | Inflation-Protected Bonds | ETG vs EARRX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.16 | 0.16 | 0.20 | 67 | Inflation-Protected Bonds | ETG vs EIRRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ETG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.13 | 0.08 | 0.18 | 64 | Consumer Defensive | |
| DNP Select Income Fund Inc. | 0.21 | 0.29 | 0.34 | 90 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.34 | 0.39 | 0.47 | 72 | Financial Services | |
| Reaves Utility Income Trust | 0.38 | 0.41 | 0.47 | 55 | Financial Services | |
| Royce Value Trust Inc. | 0.67 | 0.71 | 0.74 | 88 | Financial Services |
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