Looking to diversify beyond EELDX? The mutual funds below have historically moved differently from EELDX, 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 EELDX
28 mutual funds have low correlation with EELDX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund (BDMAX) (Equity Market Neutral) with a 1Y correlation of -0.00, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | -0.00 | -0.01 | -0.02 | 97 | Equity Market Neutral | EELDX vs BDMAX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.00 | -0.03 | 0.03 | 56 | Inflation-Protected Bonds | EELDX vs EARRX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.07 | 0.00 | 0.04 | 70 | Inflation-Protected Bonds | EELDX vs EIRRX | |
| Parametric Commodity Strategy Fund Class A | 0.08 | 0.18 | 0.21 | 84 | Commodities | EELDX vs EAPCX | |
| Parametric Commodity Strategy Fund Class I | 0.08 | 0.18 | 0.20 | 85 | Commodities | EELDX vs EIPCX |
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