Looking to diversify beyond EAERX? The mutual funds below have the lowest correlation with EAERX — 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 EAERX.
Best Diversifiers for EAERX
2 mutual funds have low correlation with EAERX (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 0.16, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.16 | 0.13 | 0.10 | 75 | Municipal Bonds | EAERX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.26 | 0.22 | 0.12 | 98 | Nontraditional Bonds | EAERX vs EGRIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.14 | 0.12 | 73 | Large Cap Blend Equities | EAERX vs SVPFX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.37 | 0.26 | 0.28 | 98 | Emerging Markets Bonds | EAERX vs EELDX | |
| Eaton Vance Global Bond Fund | 0.43 | 0.18 | 0.26 | 88 | Global Bonds | EAERX vs EAIIX |
See all 43 diversifiers for EAERX
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