Looking to diversify beyond XETOX? The mutual funds below have the lowest correlation with XETOX — 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 XETOX.
Best Diversifiers for XETOX
1 mutual funds have low correlation with XETOX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.15 | 0.15 | 0.13 | 70 | Municipal Bonds | XETOX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.33 | 0.31 | 0.18 | 97 | Nontraditional Bonds | XETOX vs EGRIX | |
| Eaton Vance Strategic Income Fund Class I | 0.40 | 0.32 | 0.28 | 92 | Multisector Bonds | XETOX vs ESIIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.41 | 0.36 | 0.37 | 97 | Emerging Markets Bonds | XETOX vs EELDX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.44 | 0.62 | 0.72 | 81 | Global Equities | XETOX vs RTXAX |
See all 28 diversifiers for XETOX
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