Looking to diversify beyond EEIIX? The mutual funds below have historically moved differently from EEIIX, 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 EEIIX
2 mutual funds have low correlation with EEIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class I (EIPCX) (Commodities) with a 1Y correlation of 0.03, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class I | 0.03 | 0.22 | 0.30 | 85 | Commodities | EEIIX vs EIPCX | |
| Leader Short Term High Yield Bond Fund | 0.10 | 0.04 | 0.21 | 84 | Short-Term Bond | EEIIX vs LCCMX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.37 | 0.31 | 0.33 | 78 | Municipal Bonds | EEIIX vs EIMAX | |
| LoCorr Spectrum Income Fund | 0.39 | 0.38 | 0.41 | 55 | Diversified Portfolio | EEIIX vs LSPIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.42 | 0.38 | 0.39 | 98 | Emerging Markets Bonds | EEIIX vs DBLLX |
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