Looking to diversify beyond EVOIX? The mutual funds below have the lowest correlation with EVOIX — 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 EVOIX.
Best Diversifiers for EVOIX
2 mutual funds have low correlation with EVOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Global Technology Fund (PGTYX) (Technology Equities) with a 1Y correlation of 0.15, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Global Technology Fund | 0.15 | 0.13 | 0.05 | 84 | Technology Equities | EVOIX vs PGTYX | |
| AQR Long-Short Equity Fund | 0.17 | 0.14 | 0.15 | 57 | Long-Short | EVOIX vs QLEIX | |
| AQR Trend Total Return Fund | 0.55 | 0.41 | — | 95 | Systematic Trend | EVOIX vs QNZNX | |
| AQR Managed Futures Strategy Fund | 0.58 | 0.61 | 0.63 | 92 | Systematic Trend | EVOIX vs AQMIX | |
| Guggenheim Managed Futures Strategy Fund | 0.59 | 0.61 | 0.66 | 55 | Systematic Trend | EVOIX vs RYMTX |
See all 24 diversifiers for EVOIX
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