Looking to diversify beyond ETIIX? The mutual funds below have the lowest correlation with ETIIX — 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 ETIIX.
Best Diversifiers for ETIIX
13 mutual funds have low correlation with ETIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.17 | 0.18 | 0.09 | 99 | Nontraditional Bonds | ETIIX vs EIGMX | |
| Eaton Vance Large-Cap Value Fund | 0.18 | 0.13 | 0.06 | 73 | Large Cap Value Equities | ETIIX vs EHSTX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.28 | 0.36 | 100 | Municipal Bonds | ETIIX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.30 | — | 100 | Municipal Bonds | ETIIX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.33 | 0.39 | 99 | Municipal Bonds | ETIIX vs USMSX |
See all 29 diversifiers for ETIIX
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