Looking to diversify beyond EIBSX? The mutual funds below have the lowest correlation with EIBSX — 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 EIBSX.
Best Diversifiers for EIBSX
12 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 0.17, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.17 | 0.13 | 0.05 | 73 | Large Cap Value Equities | EIBSX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.19 | 0.18 | 0.10 | 99 | Nontraditional Bonds | EIBSX vs EIGMX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.27 | 0.36 | 100 | Municipal Bonds | EIBSX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.29 | — | 100 | Municipal Bonds | EIBSX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 0.22 | 0.29 | 0.27 | 99 | Municipal Bonds | EIBSX vs ATOIX |
See all 29 diversifiers for EIBSX
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