Looking to diversify beyond EASCX? The mutual funds below have historically moved differently from EASCX, 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 EASCX
15 mutual funds have low correlation with EASCX (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 0.13, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.13 | 0.17 | 0.11 | 99 | Nontraditional Bonds | EASCX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.18 | 0.20 | 0.15 | 98 | Nontraditional Bonds | EASCX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.19 | 0.13 | 0.09 | 87 | Large Cap Value Equities | EASCX vs EHSTX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.26 | 0.27 | 100 | Municipal Bonds | EASCX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.25 | 0.33 | 100 | Municipal Bonds | EASCX vs DFSMX |
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