Looking to diversify beyond EZMAX? The mutual funds below have historically moved differently from EZMAX, 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 EZMAX
16 mutual funds have low correlation with EZMAX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.14 | 0.20 | 91 | Municipal Bonds | EZMAX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.19 | 0.23 | 94 | Municipal Bonds | EZMAX vs DMREX | |
| Eaton Vance Large-Cap Value Fund | 0.18 | 0.15 | 0.12 | 87 | Large Cap Value Equities | EZMAX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.18 | 0.15 | 0.07 | 99 | Nontraditional Bonds | EZMAX vs EIGMX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.25 | 0.35 | 100 | Municipal Bonds | EZMAX vs DFSMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EZMAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of -0.11, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | -0.11 | -0.03 | 0.01 | 94 | Energy |
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