Looking to diversify beyond ETNCX? The mutual funds below have the lowest correlation with ETNCX — 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 ETNCX.
Best Diversifiers for ETNCX
13 mutual funds have low correlation with ETNCX (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 0.16, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.16 | 0.13 | 0.08 | 58 | Large Cap Value Equities | ETNCX vs EHSTX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.18 | 0.14 | 0.17 | 98 | Emerging Markets Bonds | ETNCX vs EELDX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.37 | 99 | Municipal Bonds | ETNCX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.31 | 0.37 | 99 | Municipal Bonds | ETNCX vs USMSX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.21 | 0.15 | 98 | Nontraditional Bonds | ETNCX vs EGRIX |
See all 26 diversifiers for ETNCX
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