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
3 mutual funds have low correlation with EALCX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.14 | 0.16 | 0.08 | 99 | Nontraditional Bonds | EALCX vs EIGMX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.14 | 0.09 | 0.10 | 76 | Municipal Bonds | EALCX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.23 | 0.19 | 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 | 0.36 | 0.21 | 0.20 | 94 | Multisector Bonds | EALCX vs ESIIX |
See all 34 diversifiers for EALCX
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