Looking to diversify beyond ETJ? The mutual funds below have the lowest correlation with ETJ — 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 ETJ.
Best Diversifiers for ETJ
2 mutual funds have low correlation with ETJ (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.13 | 0.07 | 0.09 | 71 | Municipal Bonds | ETJ vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.14 | 0.06 | 98 | Nontraditional Bonds | ETJ vs EGRIX | |
| Eaton Vance Strategic Income Fund Class I | 0.33 | 0.18 | 0.15 | 93 | Multisector Bonds | ETJ vs ESIIX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.35 | 0.23 | 0.29 | 58 | Emerging Markets Bonds | ETJ vs EEIAX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.35 | 0.20 | 0.23 | 98 | Emerging Markets Bonds | ETJ vs EELDX |
See all 14 diversifiers for ETJ
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