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
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 0.15, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.15 | 0.09 | 0.04 | 96 | Equity Market Neutral | ETMGX vs BDMIX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.19 | 0.53 | 0.71 | 80 | Small Cap Growth Equities | ETMGX vs QISGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.22 | 0.19 | 0.08 | 51 | Systematic Trend | ETMGX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.43 | 0.54 | 0.64 | 59 | Large Cap Growth Equities | ETMGX vs NASDX | |
| Driehaus Micro Cap Growth Fund | 0.52 | 0.67 | 0.75 | 90 | Small Cap Growth Equities | ETMGX vs DMCRX |
See all 76 diversifiers for ETMGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ETMGX
Add ETMGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ETMGX