Looking to diversify beyond ETVAX? The mutual funds below have the lowest correlation with ETVAX — 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 ETVAX.
Best Diversifiers for ETVAX
15 mutual funds have low correlation with ETVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.13 | 0.18 | 0.11 | 99 | Nontraditional Bonds | ETVAX vs EIGMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.30 | 0.37 | 99 | Municipal Bonds | ETVAX vs USMSX | |
| Eaton Vance Large-Cap Value Fund | 0.18 | 0.15 | 0.10 | 73 | Large Cap Value Equities | ETVAX vs EHSTX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.28 | 0.35 | 100 | Municipal Bonds | ETVAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | — | 100 | Municipal Bonds | ETVAX vs DFABX |
See all 27 diversifiers for ETVAX
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