Looking to diversify beyond EDIAX? The mutual funds below have the lowest correlation with EDIAX — 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 EDIAX.
Best Diversifiers for EDIAX
3 mutual funds have low correlation with EDIAX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.19, up from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.19 | 0.09 | -0.03 | 88 | Global Allocation | EDIAX vs LFMIX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.20 | 0.18 | 0.16 | 70 | Municipal Bonds | EDIAX vs EIMAX | |
| Wilmington Real Asset Fund | 0.29 | 0.51 | 0.58 | 84 | Global Allocation | EDIAX vs WMRIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.30 | 0.32 | 0.19 | 97 | Nontraditional Bonds | EDIAX vs EGRIX | |
| Hartford Real Asset Fund | 0.37 | 0.53 | 0.63 | 97 | Global Allocation | EDIAX vs HRLYX |
See all 23 diversifiers for EDIAX
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