Looking to diversify beyond EAASX? The mutual funds below have historically moved differently from EAASX, 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 EAASX
5 mutual funds have low correlation with EAASX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.09 | 0.12 | 0.06 | 99 | Nontraditional Bonds | EAASX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.12 | 0.17 | 0.09 | 98 | Nontraditional Bonds | EAASX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.19 | 0.22 | 0.26 | 98 | Emerging Markets Bonds | EAASX vs EELDX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.24 | 0.13 | 0.11 | 78 | Municipal Bonds | EAASX vs EIMAX | |
| Timothy Plan Aggressive Growth Fund | 0.30 | 0.57 | 0.71 | 66 | Mid Cap Growth Equities | EAASX vs TAAGX |
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