Looking to diversify beyond EIBRX? The mutual funds below have the lowest correlation with EIBRX — 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 EIBRX.
Best Diversifiers for EIBRX
4 mutual funds have low correlation with EIBRX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.05 | 0.08 | 0.11 | 100 | High Yield Bonds | EIBRX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.13 | 0.12 | 0.08 | 100 | High Yield Bonds | EIBRX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.15 | 0.23 | 99 | High Yield Bonds | EIBRX vs RPHIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.26 | 0.15 | 98 | Nontraditional Bonds | EIBRX vs EGRIX | |
| RiverPark Strategic Income Fund | 0.35 | 0.29 | 0.36 | 68 | High Yield Bonds | EIBRX vs RSIIX |
See all 30 diversifiers for EIBRX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EIBRX
Add EIBRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EIBRX