Looking to diversify beyond EIAMX? The mutual funds below have the lowest correlation with EIAMX — 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 EIAMX.
Best Diversifiers for EIAMX
10 mutual funds have low correlation with EIAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class A (EAPCX) (Commodities) with a 1Y correlation of 0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class A | 0.02 | 0.10 | 0.17 | 55 | Commodities | EIAMX vs EAPCX | |
| Parametric Commodity Strategy Fund Class I | 0.02 | 0.10 | 0.17 | 57 | Commodities | EIAMX vs EIPCX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.10 | 0.13 | 100 | High Yield Bonds | EIAMX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.08 | 0.08 | 100 | High Yield Bonds | EIAMX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.17 | 0.25 | 99 | High Yield Bonds | EIAMX vs RPHIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIAMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIAMX and solid risk/return profiles. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of 0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | 0.00 | 0.15 | 0.22 | 91 | Energy |
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