Looking to diversify beyond EBABX? The mutual funds below have the lowest correlation with EBABX — 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 EBABX.
Best Diversifiers for EBABX
2 mutual funds have low correlation with EBABX (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 0.16, up from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.16 | 0.04 | 0.01 | 97 | Emerging Markets Bonds | EBABX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.26 | 0.28 | 0.09 | 97 | Nontraditional Bonds | EBABX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.30 | 0.21 | 0.13 | 55 | Large Cap Value Equities | EBABX vs EHSTX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.38 | 0.38 | 0.36 | 58 | Emerging Markets Bonds | EBABX vs EEIAX | |
| Eaton Vance Richard Bernstein All Asset Strategy F... | 0.45 | 0.53 | 0.51 | 50 | Tactical Allocation | EBABX vs EIRAX |
See all 16 diversifiers for EBABX
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