Looking to diversify beyond EEIIX? The mutual funds below have the lowest correlation with EEIIX — 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 EEIIX.
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 Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.11 | 0.04 | 0.22 | 79 | Short-Term Bond | EEIIX vs LCCMX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.23 | 0.23 | 0.27 | 63 | Emerging Markets Bonds | EEIIX vs EDF | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.33 | 0.31 | 0.32 | 71 | Municipal Bonds | EEIIX vs EIMAX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.38 | 0.37 | 0.39 | 98 | Emerging Markets Bonds | EEIIX vs DBLLX | |
| Mesirow High Yield Fund | 0.46 | 0.36 | 0.39 | 65 | High Yield Bonds | EEIIX vs MFHVX |
See all 26 diversifiers for EEIIX
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