Looking to diversify beyond ETIRX? The mutual funds below have the lowest correlation with ETIRX — 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 ETIRX.
Best Diversifiers for ETIRX
3 mutual funds have low correlation with ETIRX (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 0.29, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eventide Healthcare & Life Sciences Fund | 0.29 | 0.21 | 0.17 | 69 | Health & Biotech Equities | ETIRX vs ETIHX | |
| Eventide Gilead Fund | 0.30 | 0.22 | 0.19 | 51 | Mid Cap Growth Equities | ETIRX vs ETGLX | |
| Eventide Gilead Class I | 0.30 | 0.22 | 0.19 | 52 | Mid Cap Growth Equities | ETIRX vs ETILX | |
| Eventide Multi-Asset Income Fund | 0.49 | 0.42 | 0.36 | 56 | Diversified Portfolio | ETIRX vs ETIMX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.65 | 0.72 | 0.71 | 53 | Intermediate Core Bond | ETIRX vs STWTX |
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