Looking to diversify beyond EZNAX? The mutual funds below have historically moved differently from EZNAX, 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 EZNAX
13 mutual funds have low correlation with EZNAX (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 0.15, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.21 | 0.32 | 100 | Municipal Bonds | EZNAX vs DFSMX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.17 | 0.16 | 0.10 | 99 | Nontraditional Bonds | EZNAX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.20 | 0.20 | 0.15 | 98 | Nontraditional Bonds | EZNAX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.21 | 0.15 | 0.09 | 87 | Large Cap Value Equities | EZNAX vs EHSTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.25 | 0.34 | 0.39 | 98 | Municipal Bonds | EZNAX vs USMSX |
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