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
3 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 -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.15 | 0.16 | -0.01 | 99 | Nontraditional Bonds | EBABX vs EIGMX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.19 | 0.06 | 0.02 | 98 | Emerging Markets Bonds | EBABX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.27 | 0.10 | 98 | Nontraditional Bonds | EBABX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.32 | 0.23 | 0.14 | 71 | Large Cap Value Equities | EBABX vs EHSTX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.41 | 0.39 | 0.37 | 68 | Emerging Markets Bonds | EBABX vs EEIAX |
See all 18 diversifiers for EBABX
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