Looking to diversify beyond ETIIX? The mutual funds below have historically moved differently from ETIIX, 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 ETIIX
11 mutual funds have low correlation with ETIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Large-Cap Value Fund (EHSTX) (Large Cap Value Equities) with a 1Y correlation of 0.19, up from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.19 | 0.13 | 0.06 | 87 | Large Cap Value Equities | ETIIX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.19 | 0.16 | 0.10 | 99 | Nontraditional Bonds | ETIIX vs EIGMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.29 | 0.41 | 100 | Municipal Bonds | ETIIX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.27 | 0.36 | 100 | Municipal Bonds | ETIIX vs DFSMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.22 | 0.16 | 98 | Nontraditional Bonds | ETIIX vs EGRIX |
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