Looking to diversify beyond XETOX? The mutual funds below have historically moved differently from XETOX, 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 XETOX
4 mutual funds have low correlation with XETOX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.09, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.09 | 0.47 | 0.60 | 70 | Quality Factor, Global Equities | XETOX vs GQFPX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.19 | 0.16 | 0.14 | 78 | Municipal Bonds | XETOX vs EIMAX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.21 | 0.39 | 0.55 | 79 | Infrastructure Equities, Global Equities | XETOX vs CSUAX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.26 | 0.24 | 0.13 | 99 | Nontraditional Bonds | XETOX vs EIGMX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.30 | 0.32 | 0.36 | 90 | Multistrategy, Systematic Trend, Global Equities | XETOX vs MBXIX |
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