Looking to diversify beyond EBABX? The mutual funds below have historically moved differently from EBABX, 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 EBABX
4 mutual funds have low correlation with EBABX (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 0.15, up from -0.00 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 | 0.15 | 0.16 | -0.00 | 99 | Nontraditional Bonds | EBABX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.25 | 0.26 | 0.11 | 98 | Nontraditional Bonds | EBABX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.26 | 0.06 | 0.03 | 98 | Emerging Markets Bonds | EBABX vs EELDX | |
| Eaton Vance Large-Cap Value Fund | 0.30 | 0.22 | 0.15 | 87 | Large Cap Value Equities | EBABX vs EHSTX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.43 | 0.38 | 0.37 | 78 | Emerging Markets Bonds | EBABX vs EEIAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EBABX
Add EBABX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EBABX