Looking to diversify beyond ETJ? The mutual funds below have historically moved differently from ETJ, 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 ETJ
3 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 0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.05 | 0.19 | 0.24 | 58 | Energy Equities | ETJ vs SRV | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.15 | 0.06 | 0.09 | 78 | Municipal Bonds | ETJ vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.15 | 0.06 | 98 | Nontraditional Bonds | ETJ vs EGRIX | |
| Eaton Vance Strategic Income Fund Class I | 0.31 | 0.17 | 0.14 | 94 | Multisector Bonds | ETJ vs ESIIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.34 | 0.22 | 0.23 | 98 | Emerging Markets Bonds | ETJ vs EELDX |
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