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
13 mutual funds have low correlation with ETVAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.17, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.35 | 99 | Municipal Bonds | ETVAX vs DFSMX | |
| Eaton Vance Large-Cap Value Fund | 0.17 | 0.15 | 0.10 | 58 | Large Cap Value Equities | ETVAX vs EHSTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.28 | 0.39 | 100 | Municipal Bonds | ETVAX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.30 | 0.37 | 99 | Municipal Bonds | ETVAX vs USMSX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.21 | 0.23 | 0.16 | 98 | Nontraditional Bonds | ETVAX vs EGRIX |
See all 24 diversifiers for ETVAX
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