Looking to diversify beyond EAIIX? The mutual funds below have the lowest correlation with EAIIX — 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 EAIIX.
Best Diversifiers for EAIIX
2 mutual funds have low correlation with EAIIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) (Global Bonds) with a 1Y correlation of 0.26, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Multi-Sector Bond Fund | 0.26 | 0.57 | 0.51 | 91 | Global Bonds | EAIIX vs PRSNX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.28 | 0.46 | 0.43 | 71 | Municipal Bonds | EAIIX vs EIMAX | |
| Dunham International Opportunity Bond Fund | 0.33 | 0.53 | 0.51 | 56 | Global Bonds | EAIIX vs DAIOX | |
| SA Global Fixed Income Fund | 0.36 | 0.38 | 0.36 | 67 | Global Bonds | EAIIX vs SAXIX | |
| Eaton Vance Multi-Asset Credit Fund | 0.40 | 0.37 | 0.43 | 87 | High Yield Bonds | EAIIX vs EIAMX |
See all 16 diversifiers for EAIIX
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