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
4 mutual funds have low correlation with ETJ (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.04 | 0.19 | 0.25 | 75 | Energy Equities | ETJ vs SRV | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.16 | 0.07 | 0.09 | 76 | Municipal Bonds | ETJ vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.16 | 0.06 | 98 | Nontraditional Bonds | ETJ vs EGRIX | |
| NXG NextGen Infrastructure Income Fund | 0.25 | 0.25 | — | 75 | Global Equity Income | ETJ vs NXG | |
| Eaton Vance Strategic Income Fund Class I | 0.30 | 0.18 | 0.15 | 94 | Multisector Bonds | ETJ vs ESIIX |
See all 17 diversifiers for ETJ
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Diversification Analysis
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