Looking to diversify beyond EIBAX? The mutual funds below have the lowest correlation with EIBAX — 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 EIBAX.
Best Diversifiers for EIBAX
2 mutual funds have low correlation with EIBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) (Emerging Markets Bonds) with a 1Y correlation of 0.21, up from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.21 | 0.06 | 0.02 | 98 | Emerging Markets Bonds | EIBAX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.27 | 0.29 | 0.10 | 98 | Nontraditional Bonds | EIBAX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.33 | 0.22 | 0.14 | 63 | Large Cap Value Equities | EIBAX vs EHSTX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.41 | 0.39 | 0.36 | 60 | Emerging Markets Bonds | EIBAX vs EEIAX | |
| Eaton Vance Richard Bernstein All Asset Strategy F... | 0.45 | 0.52 | 0.50 | 51 | Tactical Allocation | EIBAX vs EIRAX |
See all 15 diversifiers for EIBAX
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