Looking to diversify beyond EAEMX? The mutual funds below have the lowest correlation with EAEMX — 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 EAEMX.
Best Diversifiers for EAEMX
1 mutual funds have low correlation with EAEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.18 | 0.15 | 0.14 | 71 | Municipal Bonds | EAEMX vs EIMAX | |
| Eaton Vance Strategic Income Fund Class I | 0.45 | 0.32 | 0.33 | 93 | Multisector Bonds | EAEMX vs ESIIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.49 | 0.40 | 0.30 | 98 | Nontraditional Bonds | EAEMX vs EGRIX | |
| Eaton Vance Multi-Asset Credit Fund | 0.52 | 0.46 | 0.48 | 87 | High Yield Bonds | EAEMX vs EIAMX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.53 | 0.64 | 0.70 | 87 | Emerging Markets Diversified | EAEMX vs ESCIX |
See all 153 diversifiers for EAEMX
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