Looking to diversify beyond ETIMX? The mutual funds below have the lowest correlation with ETIMX — 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 ETIMX.
Best Diversifiers for ETIMX
2 mutual funds have low correlation with ETIMX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.09 | 0.05 | 0.14 | 58 | Diversified Portfolio | ETIMX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.47 | 69 | Diversified Portfolio | ETIMX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.55 | 0.60 | 83 | Diversified Portfolio | ETIMX vs FIQDX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.39 | 0.39 | 0.44 | 99 | Diversified Portfolio | ETIMX vs STDAX | |
| Eventide Healthcare & Life Sciences Fund | 0.39 | 0.51 | 0.55 | 91 | Health & Biotech Equities | ETIMX vs ETIHX |
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