Looking to diversify beyond EIBLX? The mutual funds below have the lowest correlation with EIBLX — 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 EIBLX.
Best Diversifiers for EIBLX
8 mutual funds have low correlation with EIBLX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.07 | 0.00 | 0.09 | 84 | Bank Loan | EIBLX vs XPTFX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.06 | 0.09 | 0.13 | 98 | Nontraditional Bonds | EIBLX vs EGRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.07 | — | — | 98 | Bank Loan | EIBLX vs CAPIX | |
| Eaton Vance Strategic Income Fund Class I | 0.14 | 0.16 | 0.25 | 93 | Multisector Bonds | EIBLX vs ESIIX | |
| RiverPark Floating Rate CMBS Fund | 0.18 | 0.19 | 0.22 | 100 | Bank Loan | EIBLX vs RCRIX |
See all 32 diversifiers for EIBLX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EIBLX
Add EIBLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EIBLX