Looking to diversify beyond ETMGX? The mutual funds below have the lowest correlation with ETMGX — 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 ETMGX.
Best Diversifiers for ETMGX
2 mutual funds have low correlation with ETMGX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.17, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.17 | 0.10 | 0.05 | 95 | Long-Short | ETMGX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.23 | 0.20 | 0.09 | 60 | Systematic Trend | ETMGX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.33 | 0.46 | 0.60 | 66 | Technology Equities | ETMGX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.45 | 0.54 | 0.64 | 70 | Large Cap Growth Equities | ETMGX vs NASDX | |
| Driehaus Micro Cap Growth Fund | 0.53 | 0.68 | 0.75 | 83 | Small Cap Growth Equities | ETMGX vs DMCRX |
See all 50 diversifiers for ETMGX
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