Looking to diversify beyond EACAX? The mutual funds below have the lowest correlation with EACAX — 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 EACAX.
Best Diversifiers for EACAX
16 mutual funds have low correlation with EACAX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.05, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.05 | 0.17 | 0.20 | 95 | Municipal Bonds | EACAX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.18 | 0.21 | 94 | Municipal Bonds | EACAX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.26 | 0.35 | 99 | Municipal Bonds | EACAX vs DFSMX | |
| Eaton Vance Large-Cap Value Fund | 0.16 | 0.15 | 0.08 | 58 | Large Cap Value Equities | EACAX vs EHSTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.32 | 0.37 | 99 | Municipal Bonds | EACAX vs USMSX |
See all 30 diversifiers for EACAX
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