Looking to diversify beyond ETIHX? The mutual funds below have the lowest correlation with ETIHX — 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 ETIHX.
Best Diversifiers for ETIHX
0 mutual funds have low correlation with ETIHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Pharmaceuticals Portfolio (FPHAX) (Health & Biotech Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Pharmaceuticals Portfolio | 0.63 | 0.63 | 0.63 | 53 | Health & Biotech Equities | ETIHX vs FPHAX | |
| Rydex Biotechnology Fund | 0.79 | 0.83 | 0.84 | 62 | Health & Biotech Equities | ETIHX vs RYOIX | |
| AlphaCentric LifeSci Healthcare Fund | 0.82 | 0.82 | 0.84 | 55 | Health & Biotech Equities | ETIHX vs LYFIX | |
| Fidelity Select Biotechnology Portfolio | 0.85 | 0.88 | 0.90 | 66 | Health & Biotech Equities | ETIHX vs FBIOX | |
| Fidelity Advisor Biotechnology Fund Class C | 0.85 | 0.86 | 0.88 | 60 | Health & Biotech Equities | ETIHX vs FBTCX |
See all 10 diversifiers for ETIHX
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