Looking to diversify beyond EAPCX? The mutual funds below have historically moved differently from EAPCX, 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 EAPCX
18 mutual funds have low correlation with EAPCX (below 0.3), 3 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of -0.15, down from -0.01 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 | -0.15 | -0.09 | -0.01 | 66 | Municipal Bonds | EAPCX vs EIMAX | |
| RBC BlueBay Emerging Market Debt Fund | -0.10 | 0.05 | 0.13 | 86 | Emerging Markets Bonds | EAPCX vs RBESX | |
| Eaton Vance Strategic Income Fund Class I | -0.08 | 0.00 | 0.09 | 93 | Multisector Bonds | EAPCX vs ESIIX | |
| Nationwide Amundi Strategic Income Fund | 0.02 | 0.11 | 0.11 | 99 | Multisector Bonds | EAPCX vs NWXHX | |
| Eaton Vance Multi-Asset Credit Fund | 0.04 | 0.08 | 0.17 | 81 | High Yield Bonds | EAPCX vs EIAMX |
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