Looking to diversify beyond ETSIX? The mutual funds below have the lowest correlation with ETSIX — 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 ETSIX.
Best Diversifiers for ETSIX
4 mutual funds have low correlation with ETSIX (below 0.3), 1 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class I (EIPCX) (Commodities) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class I | -0.05 | 0.02 | 0.09 | 78 | Commodities | ETSIX vs EIPCX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.20 | 0.20 | 97 | Multisector Bonds | ETSIX vs CBLDX | |
| Nationwide Strategic Income A | 0.22 | 0.30 | 0.32 | 99 | Multisector Bonds | ETSIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.22 | 0.31 | 0.33 | 99 | Multisector Bonds | ETSIX vs NWXHX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.32 | 0.36 | 0.40 | 99 | Nontraditional Bonds | ETSIX vs EIGMX |
See all 53 diversifiers for ETSIX
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