Looking to diversify beyond EXFLX? The mutual funds below have historically moved differently from EXFLX, 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 EXFLX
18 mutual funds have low correlation with EXFLX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.03, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.03 | 0.13 | 0.16 | 94 | Municipal Bonds | EXFLX vs DMREX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.03 | 0.07 | 0.05 | 99 | Nontraditional Bonds | EXFLX vs EIGMX | |
| Eaton Vance Large-Cap Value Fund | 0.09 | 0.07 | 0.05 | 87 | Large Cap Value Equities | EXFLX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.09 | 0.08 | 0.07 | 98 | Nontraditional Bonds | EXFLX vs EGRIX | |
| Eaton Vance Richard Bernstein All Asset Strategy F... | 0.16 | 0.09 | 0.09 | 55 | Tactical Allocation | EXFLX vs EIRAX |
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