Looking to diversify beyond ETO? The mutual funds below have historically moved differently from ETO, 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 ETO
8 mutual funds have low correlation with ETO (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.03, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.03 | 0.39 | 0.52 | 70 | Quality Factor, Global Equities | ETO vs GQFPX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.16 | 0.21 | 0.11 | 99 | Nontraditional Bonds | ETO vs EIGMX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.34 | 0.47 | 79 | Infrastructure Equities, Global Equities | ETO vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.20 | 0.39 | 0.53 | 66 | Infrastructure Equities, Global Equities | ETO vs FGIAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.23 | 0.26 | 0.14 | 98 | Nontraditional Bonds | ETO vs EGRIX |
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