Looking to diversify beyond ETIDX? The mutual funds below have historically moved differently from ETIDX, 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 ETIDX
0 mutual funds have low correlation with ETIDX (below 0.3), 0 of which are negatively correlated. The least correlated is Eventide Healthcare & Life Sciences Fund (ETIHX) (Health & Biotech Equities) with a 1Y correlation of 0.39, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eventide Healthcare & Life Sciences Fund | 0.39 | 0.50 | 0.55 | 89 | Health & Biotech Equities | ETIDX vs ETIHX | |
| Timothy Plan Defensive Strategies Fund | 0.47 | 0.50 | 0.57 | 72 | Diversified Portfolio | ETIDX vs TPDAX | |
| Victory RS Investors Fund | 0.59 | 0.71 | 0.77 | 73 | Mid Cap Blend Equities | ETIDX vs RSINX | |
| 13D Activist Fund | 0.60 | 0.70 | 0.77 | 78 | Mid Cap Blend Equities | ETIDX vs DDDIX | |
| Gabelli Value 25 Fund | 0.63 | 0.71 | 0.77 | 80 | Mid Cap Blend Equities | ETIDX vs GABVX |
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