Looking to diversify beyond ETGAX? The mutual funds below have the lowest correlation with ETGAX — 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 ETGAX.
Best Diversifiers for ETGAX
14 mutual funds have low correlation with ETGAX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.14 | 0.20 | 97 | Municipal Bonds | ETGAX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.17 | 0.22 | 96 | Municipal Bonds | ETGAX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.30 | 0.37 | 99 | Municipal Bonds | ETGAX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.32 | 0.41 | 99 | Municipal Bonds | ETGAX vs DNYMX | |
| Eaton Vance Large-Cap Value Fund | 0.17 | 0.14 | 0.09 | 59 | Large Cap Value Equities | ETGAX vs EHSTX |
See all 27 diversifiers for ETGAX
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