Looking to diversify beyond EIBLX? The mutual funds below have historically moved differently from EIBLX, 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 EIBLX
13 mutual funds have low correlation with EIBLX (below 0.3), 3 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.11, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.11 | -0.02 | 0.10 | 70 | Commodities | EIBLX vs PCLAX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.07 | 0.01 | 0.09 | 93 | Bank Loan | EIBLX vs XPTFX | |
| Eaton Vance Global Macro Absolute Return Fund | -0.00 | 0.05 | 0.13 | 99 | Nontraditional Bonds | EIBLX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.07 | 0.09 | 0.13 | 98 | Nontraditional Bonds | EIBLX vs EGRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.08 | — | — | 99 | Bank Loan | EIBLX vs CAPIX |
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