Looking to diversify beyond ETNYX? The mutual funds below have the lowest correlation with ETNYX — 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 ETNYX.
Best Diversifiers for ETNYX
14 mutual funds have low correlation with ETNYX (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 -0.06, 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 | -0.06 | 0.17 | 0.22 | 95 | Municipal Bonds | ETNYX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.19 | 0.23 | 94 | Municipal Bonds | ETNYX vs DMREX | |
| Eaton Vance Large-Cap Value Fund | 0.18 | 0.15 | 0.09 | 58 | Large Cap Value Equities | ETNYX vs EHSTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.32 | 0.37 | 99 | Municipal Bonds | ETNYX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.27 | — | 100 | Municipal Bonds | ETNYX vs DFABX |
See all 29 diversifiers for ETNYX
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