Looking to diversify beyond ETGIX? The mutual funds below have the lowest correlation with ETGIX — 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 ETGIX.
Best Diversifiers for ETGIX
7 mutual funds have low correlation with ETGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) (Nontraditional Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 0.20 | 0.20 | 0.15 | 98 | Nontraditional Bonds | ETGIX vs EGRIX | |
| Eaton Vance Ohio Municipal Income Fund | 0.21 | 0.07 | 0.08 | 64 | Municipal Bonds | ETGIX vs ETOHX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.23 | 0.08 | 0.08 | 70 | Municipal Bonds | ETGIX vs EIMAX | |
| Eaton Vance Strategic Income Fund Class I | 0.24 | 0.16 | 0.16 | 92 | Multisector Bonds | ETGIX vs ESIIX | |
| Eaton Vance Large-Cap Value Fund | 0.26 | 0.33 | 0.43 | 63 | Large Cap Value Equities | ETGIX vs EHSTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ETGIX
Add ETGIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ETGIX