Looking to diversify beyond ETGLX? The mutual funds below have historically moved differently from ETGLX, 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 ETGLX
0 mutual funds have low correlation with ETGLX (below 0.3), 0 of which are negatively correlated. The least correlated is First Eagle Global Fund Class A (SGENX) (Global Allocation) with a 1Y correlation of 0.53, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle Global Fund Class A | 0.53 | 0.64 | 0.68 | 72 | Global Allocation | ETGLX vs SGENX | |
| Eventide Healthcare & Life Sciences Fund | 0.59 | 0.70 | 0.73 | 87 | Health & Biotech Equities | ETGLX vs ETIHX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.76 | 0.82 | 0.85 | 74 | Mid Cap Growth Equities | ETGLX vs MGOYX | |
| USAA Extended Market Index Fund | 0.77 | 0.80 | 0.85 | 62 | Mid Cap Growth Equities | ETGLX vs USMIX | |
| Needham Growth Fund | 0.79 | 0.77 | 0.82 | 56 | Mid Cap Growth Equities | ETGLX vs NEEGX |
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