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Eaton Vance Multi-Asset Credit Fund (EIAMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in credit-related investments. The adviser expects to invest at least 60% of the fund's net assets in corporate credit instruments (high yield bonds and floating-rate loans) rated below investment grade (i.e., rated lower than BBB by S&P Global Ratings or by Fitch Ratings or lower than Baa by Moody's or unrated and of comparable quality as determined by the investment adviser as well as derivatives that provide exposure to such investments.

Looking to diversify beyond EIAMX? The mutual funds below have historically moved differently from EIAMX, 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 EIAMX

10 mutual funds have low correlation with EIAMX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.09, down from 0.26 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FOCIX
Fairholme Focused Income Fund-0.090.140.26
73
High Yield BondsEIAMX vs FOCIX
EAPCX
Parametric Commodity Strategy Fund Class A0.020.080.17
84
CommoditiesEIAMX vs EAPCX
EIPCX
Parametric Commodity Strategy Fund Class I0.030.080.17
85
CommoditiesEIAMX vs EIPCX
CCLFX
Cliffwater Corporate Lending Fund Class I Shares0.090.110.14
100
Bank Loan, High Yield BondsEIAMX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.130.180.24
100
High Yield BondsEIAMX vs RPHIX
See all 89 diversifiers for EIAMX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for EIAMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of -0.03, down from 0.21 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
E
Eni S.p.A.-0.030.120.21
94
Energy

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