Looking to diversify beyond ETMDX? The mutual funds below have the lowest correlation with ETMDX — 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 ETMDX.
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 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.12 | 0.13 | 0.07 | 55 | Large Cap Value Equities | ETMDX vs EHSTX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.27 | 0.36 | 99 | Municipal Bonds | ETMDX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.14 | 0.27 | — | 100 | Municipal Bonds | ETMDX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.15 | 0.31 | 0.40 | 99 | Municipal Bonds | ETMDX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.33 | 0.38 | 99 | Municipal Bonds | ETMDX vs USMSX |
See all 24 diversifiers for ETMDX
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