Looking to diversify beyond EAERX? The mutual funds below have historically moved differently from EAERX, 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 EAERX
3 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 0.18, roughly unchanged from 0.11 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 | 0.18 | 0.11 | 0.11 | 60 | Municipal Bonds | EAERX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.19 | 0.18 | 0.09 | 99 | Nontraditional Bonds | EAERX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.27 | 0.21 | 0.12 | 98 | Nontraditional Bonds | EAERX vs EGRIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.14 | 0.13 | 97 | Large Cap Blend Equities | EAERX vs SVPFX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.38 | 0.27 | 0.29 | 98 | Emerging Markets Bonds | EAERX vs EELDX |
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