Looking to diversify beyond EAEMX? The mutual funds below have historically moved differently from EAEMX, 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 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 0.23, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.23 | 0.16 | 0.15 | 78 | Municipal Bonds | EAEMX vs EIMAX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.33 | 0.54 | 0.65 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | EAEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.39 | 0.48 | 0.53 | 66 | Emerging Markets Equities | EAEMX vs COBYX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.40 | 0.33 | 0.25 | 99 | Nontraditional Bonds | EAEMX vs EIGMX | |
| Eaton Vance Strategic Income Fund Class I | 0.48 | 0.33 | 0.33 | 94 | Multisector Bonds | EAEMX vs ESIIX |
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