Looking to diversify beyond ETIRX? The mutual funds below have historically moved differently from ETIRX, 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 ETIRX
2 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 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eventide Healthcare & Life Sciences Fund | 0.29 | 0.21 | 0.18 | 89 | Health & Biotech Equities | ETIRX vs ETIHX | |
| Eventide Gilead Fund | 0.30 | 0.21 | 0.20 | 51 | Mid Cap Growth Equities | ETIRX vs ETGLX | |
| Eventide Gilead Class I | 0.30 | 0.22 | 0.20 | 50 | Mid Cap Growth Equities | ETIRX vs ETILX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.70 | 0.72 | 0.71 | 64 | Intermediate Core Bond | ETIRX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.78 | 0.88 | 0.90 | 64 | Intermediate Core Bond | ETIRX vs LSSAX |
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