Looking to diversify beyond EIBSX? The mutual funds below have historically moved differently from EIBSX, 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 EIBSX
10 mutual funds have low correlation with EIBSX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Large-Cap Value Fund (EHSTX) (Large Cap Value Equities) with a 1Y correlation of 0.16, up from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.16 | 0.11 | 0.05 | 87 | Large Cap Value Equities | EIBSX vs EHSTX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.27 | 0.26 | 100 | Municipal Bonds | EIBSX vs ATOIX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.21 | 0.17 | 0.11 | 99 | Nontraditional Bonds | EIBSX vs EIGMX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.26 | 0.36 | 100 | Municipal Bonds | EIBSX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.29 | — | 100 | Municipal Bonds | EIBSX vs DFABX |
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