Looking to diversify beyond EARRX? The mutual funds below have historically moved differently from EARRX, 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 EARRX
11 mutual funds have low correlation with EARRX (below 0.3), 0 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 0.00, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.00 | -0.03 | 0.03 | 98 | Emerging Markets Bonds | EARRX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.10 | 0.15 | 0.06 | 99 | Nontraditional Bonds | EARRX vs EIGMX | |
| Eaton Vance Tax Advantaged Global Dividend Income ... | 0.14 | 0.14 | 0.20 | 54 | Global Equities | EARRX vs ETG | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.14 | 0.22 | 0.12 | 98 | Nontraditional Bonds | EARRX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.15 | 0.15 | 0.20 | 88 | Large Cap Value Equities | EARRX vs EHSTX |
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