Looking to diversify beyond EARRX? The mutual funds below have the lowest correlation with EARRX — 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 EARRX.
Best Diversifiers for EARRX
8 mutual funds have low correlation with EARRX (below 0.3), 1 of which are negatively correlated. The least correlated is Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) (Emerging Markets Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | -0.04 | -0.04 | 0.03 | 97 | Emerging Markets Bonds | EARRX vs EELDX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.11 | 0.24 | 0.26 | 57 | Emerging Markets Bonds | EARRX vs EEIAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.12 | 0.24 | 0.13 | 97 | Nontraditional Bonds | EARRX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.13 | 0.15 | 0.20 | 52 | Large Cap Value Equities | EARRX vs EHSTX | |
| Eaton Vance Multi-Asset Credit Fund | 0.19 | 0.28 | 0.30 | 86 | High Yield Bonds | EARRX vs EIAMX |
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