Looking to diversify beyond ETO? The mutual funds below have the lowest correlation with ETO — 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 ETO.
Best Diversifiers for ETO
3 mutual funds have low correlation with ETO (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.23, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.23 | 0.37 | 0.48 | 52 | Global Equities | ETO vs CSUAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.26 | 0.14 | 98 | Nontraditional Bonds | ETO vs EGRIX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.26 | 0.19 | 0.16 | 70 | Municipal Bonds | ETO vs EIMAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.40 | 0.56 | 0.62 | 80 | Global Equities | ETO vs RTXAX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.41 | 0.36 | 0.35 | 98 | Emerging Markets Bonds | ETO vs EELDX |
See all 36 diversifiers for ETO
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