Looking to diversify beyond EACAX? The mutual funds below have historically moved differently from EACAX, 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 EACAX
14 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 -0.03, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.15 | 0.20 | 91 | Municipal Bonds | EACAX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.18 | 0.21 | 94 | Municipal Bonds | EACAX vs DMREX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.16 | 0.17 | 0.09 | 99 | Nontraditional Bonds | EACAX vs EIGMX | |
| Eaton Vance Large-Cap Value Fund | 0.17 | 0.14 | 0.08 | 87 | Large Cap Value Equities | EACAX vs EHSTX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.35 | 100 | Municipal Bonds | EACAX vs DFSMX |
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