Looking to diversify beyond ETIEX? The mutual funds below have historically moved differently from ETIEX, 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 ETIEX
0 mutual funds have low correlation with ETIEX (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 0.43, down from 0.62 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 | 0.43 | 0.54 | 0.62 | 89 | Health & Biotech Equities | ETIEX vs ETIHX | |
| ARK Venture Fund | 0.45 | 0.61 | — | 99 | Technology Equities | ETIEX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.45 | 0.51 | 0.62 | 58 | Technology Equities | ETIEX vs GTTIX | |
| Columbia Seligman Premium Technology Growth Fund | 0.74 | 0.72 | 0.75 | 88 | Technology Equities, Options Trading, Actively Managed | ETIEX vs STK | |
| Fidelity Select Tech Hardware Portfolio | 0.79 | 0.77 | 0.78 | 94 | Technology Equities | ETIEX vs FDCPX |
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