Looking to diversify beyond EHSTX? The mutual funds below have historically moved differently from EHSTX, 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 EHSTX
40 mutual funds have low correlation with EHSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance National Ultra-Short Municipal Income Fund (EXFLX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance National Ultra-Short Municipal Income ... | 0.09 | 0.07 | 0.05 | 97 | Municipal Bonds | EHSTX vs EXFLX | |
| Parametric Commodity Strategy Fund Class A | 0.09 | 0.15 | 0.23 | 84 | Commodities | EHSTX vs EAPCX | |
| Parametric Commodity Strategy Fund Class I | 0.10 | 0.16 | 0.24 | 85 | Commodities | EHSTX vs EIPCX | |
| GQG Partners US Quality Dividend Income Fund | 0.15 | 0.52 | 0.67 | 62 | Quality Factor, Large Cap Value Equities | EHSTX vs GQHPX | |
| Eaton Vance Maryland Municipal Income Fund | 0.15 | 0.13 | 0.08 | 82 | Municipal Bonds | EHSTX vs ETMDX |
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