Looking to diversify beyond EBSAX? The mutual funds below have the lowest correlation with EBSAX — 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 EBSAX.
Best Diversifiers for EBSAX
2 mutual funds have low correlation with EBSAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.15 | 0.15 | 0.15 | 72 | Macro Trading | EBSAX vs PCBAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.21 | 0.08 | 0.10 | 97 | Macro Trading | EBSAX vs EGRAX | |
| Quantified Alternative Investment Fund | 0.31 | 0.19 | 0.11 | 81 | Macro Trading | EBSAX vs QALTX | |
| OnTrack Core Fund | 0.32 | 0.12 | 0.06 | 78 | Macro Trading | EBSAX vs OTRFX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.37 | 0.43 | 0.35 | 92 | Macro Trading | EBSAX vs MBXAX |
See all 8 diversifiers for EBSAX
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