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 | 81 | Macro Trading | EBSAX vs PCBAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.09 | 0.09 | 98 | Macro Trading | EBSAX vs EGRAX | |
| OnTrack Core Fund | 0.37 | 0.14 | 0.06 | 79 | Macro Trading | EBSAX vs OTRFX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.38 | 0.43 | 0.34 | 91 | Macro Trading | EBSAX vs MBXAX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.45 | 0.41 | 0.33 | 80 | Macro Trading | EBSAX vs RDMIX |
See all 6 diversifiers for EBSAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EBSAX
Add EBSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EBSAX