Looking to diversify beyond ETMDX? The mutual funds below have historically moved differently from ETMDX, 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 ETMDX
13 mutual funds have low correlation with ETMDX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Large-Cap Value Fund (EHSTX) (Large Cap Value Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.15 | 0.13 | 0.08 | 87 | Large Cap Value Equities | ETMDX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.15 | 0.15 | 0.08 | 99 | Nontraditional Bonds | ETMDX vs EIGMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.20 | 0.23 | 0.20 | 99 | Municipal Bonds | ETMDX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.27 | 0.41 | 100 | Municipal Bonds | ETMDX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.28 | 0.36 | 100 | Municipal Bonds | ETMDX vs DFSMX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ETMDX
Add ETMDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ETMDX