Looking to diversify beyond EEIAX? The mutual funds below have historically moved differently from EEIAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EEIAX
9 mutual funds have low correlation with EEIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.04, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.04 | 0.00 | 0.21 | 84 | Short-Term Bond | EEIAX vs LCCMX | |
| Parametric Commodity Strategy Fund Class A | 0.06 | 0.24 | 0.31 | 84 | Commodities | EEIAX vs EAPCX | |
| Parametric Commodity Strategy Fund Class I | 0.08 | 0.25 | 0.32 | 85 | Commodities | EEIAX vs EIPCX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.17 | 0.23 | 0.26 | 56 | Inflation-Protected Bonds | EEIAX vs EARRX | |
| Eaton Vance National Ultra-Short Municipal Income ... | 0.17 | 0.16 | 0.15 | 97 | Municipal Bonds | EEIAX vs EXFLX |
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