Looking to diversify beyond ETSIX? The mutual funds below have historically moved differently from ETSIX, 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 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 -0.09, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class I | -0.09 | 0.01 | 0.08 | 85 | Commodities | ETSIX vs EIPCX | |
| CrossingBridge Low Duration High Yield Fund | 0.24 | 0.21 | 0.20 | 96 | Multisector Bonds | ETSIX vs CBLDX | |
| Nationwide Strategic Income A | 0.26 | 0.30 | 0.32 | 99 | Multisector Bonds | ETSIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.26 | 0.31 | 0.33 | 99 | Multisector Bonds | ETSIX vs NWXHX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.33 | 0.36 | 0.40 | 99 | Nontraditional Bonds | ETSIX vs EIGMX |
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