Looking to diversify beyond EADOX? The mutual funds below have the lowest correlation with EADOX — 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 EADOX.
Best Diversifiers for EADOX
4 mutual funds have low correlation with EADOX (below 0.3), 0 of which are negatively correlated. The least correlated is River Canyon Total Return Bond Fund (RCTIX) (Short-Term Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| River Canyon Total Return Bond Fund | 0.09 | 0.05 | 0.10 | 73 | Short-Term Bond | EADOX vs RCTIX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.21 | 0.14 | 0.16 | 64 | Municipal Bonds | EADOX vs EIMAX | |
| Fidelity Floating Rate High Income Fund | 0.27 | 0.25 | 0.34 | 93 | High Yield Bonds | EADOX vs FFRHX | |
| AQR Trend Total Return Fund Class I | 0.29 | 0.23 | — | 95 | Systematic Trend | EADOX vs QNZIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.32 | 0.31 | 0.31 | 98 | Emerging Markets Bonds | EADOX vs DBLLX |
See all 33 diversifiers for EADOX
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