Looking to diversify beyond EAASX? The mutual funds below have the lowest correlation with EAASX — 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 EAASX.
Best Diversifiers for EAASX
4 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.09 | 0.13 | 0.06 | 99 | Nontraditional Bonds | EAASX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.13 | 0.18 | 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 | 0.22 | 0.13 | 0.11 | 76 | Municipal Bonds | EAASX vs EIMAX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.33 | 0.30 | 0.36 | 65 | Emerging Markets Bonds | EAASX vs EEIAX |
See all 20 diversifiers for EAASX
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