Looking to diversify beyond EELDX? The mutual funds below have the lowest correlation with EELDX — 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 EELDX.
Best Diversifiers for EELDX
40 mutual funds have low correlation with EELDX (below 0.3), 2 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund (BDMAX) (Equity Market Neutral) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | -0.03 | -0.01 | -0.02 | 95 | Equity Market Neutral | EELDX vs BDMAX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | -0.01 | -0.03 | 0.03 | 65 | Inflation-Protected Bonds | EELDX vs EARRX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.05 | -0.01 | 0.04 | 72 | Inflation-Protected Bonds | EELDX vs EIRRX | |
| Eaton Vance Short Duration Government Income Fund | 0.07 | -0.01 | 0.05 | 65 | Ultrashort Bond | EELDX vs EALDX | |
| Parametric Commodity Strategy Fund Class A | 0.08 | 0.19 | 0.21 | 55 | Commodities | EELDX vs EAPCX |
See all 112 diversifiers for EELDX
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