Looking to diversify beyond ETNJX? The mutual funds below have the lowest correlation with ETNJX — 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 ETNJX.
Best Diversifiers for ETNJX
15 mutual funds have low correlation with ETNJX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.18 | 0.22 | 96 | Municipal Bonds | ETNJX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.23 | 95 | Municipal Bonds | ETNJX vs DMREX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.15 | 0.14 | 0.17 | 97 | Emerging Markets Bonds | ETNJX vs EELDX | |
| Eaton Vance Large-Cap Value Fund | 0.16 | 0.14 | 0.08 | 55 | Large Cap Value Equities | ETNJX vs EHSTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.34 | 0.39 | 99 | Municipal Bonds | ETNJX vs USMSX |
See all 27 diversifiers for ETNJX
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