Looking to diversify beyond EALCX? The mutual funds below have the lowest correlation with EALCX — 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 EALCX.
Best Diversifiers for EALCX
2 mutual funds have low correlation with EALCX (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 0.12, 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 | 0.12 | 0.09 | 0.10 | 71 | Municipal Bonds | EALCX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.18 | 0.11 | 98 | Nontraditional Bonds | EALCX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.35 | 0.25 | 0.27 | 98 | Emerging Markets Bonds | EALCX vs EELDX | |
| Eaton Vance Strategic Income Fund Class I | 0.38 | 0.21 | 0.20 | 93 | Multisector Bonds | EALCX vs ESIIX | |
| Eaton Vance Multi-Asset Credit Fund | 0.41 | 0.35 | 0.38 | 87 | High Yield Bonds | EALCX vs EIAMX |
See all 35 diversifiers for EALCX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EALCX
Add EALCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EALCX