Looking to diversify beyond ETMGX? The mutual funds below have historically moved differently from ETMGX, 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 ETMGX
3 mutual funds have low correlation with ETMGX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.16, up from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.16 | 0.09 | 0.04 | 97 | Equity Market Neutral | ETMGX vs BDMIX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.20 | 0.52 | 0.70 | 71 | Small Cap Growth Equities | ETMGX vs QISGX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.22 | 0.20 | 0.07 | 66 | Systematic Trend | ETMGX vs ASFYX | |
| Driehaus Micro Cap Growth Fund | 0.48 | 0.66 | 0.74 | 82 | Small Cap Growth Equities | ETMGX vs DMCRX | |
| Oberweis Small-Cap Opportunities Fund | 0.52 | 0.70 | 0.79 | 66 | Small Cap Growth Equities | ETMGX vs OBSOX |
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