Looking to diversify beyond EICAX? The mutual funds below have the lowest correlation with EICAX — 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 EICAX.
Best Diversifiers for EICAX
14 mutual funds have low correlation with EICAX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.12 | 0.14 | 0.07 | 99 | Nontraditional Bonds | EICAX vs EIGMX | |
| Eaton Vance Large-Cap Value Fund | 0.16 | 0.13 | 0.06 | 79 | Large Cap Value Equities | EICAX vs EHSTX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.29 | 0.39 | 99 | Municipal Bonds | EICAX vs DNYMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.20 | 0.20 | 0.13 | 98 | Nontraditional Bonds | EICAX vs EGRIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.21 | 0.19 | 0.14 | 99 | Municipal Bonds | EICAX vs FHMIX |
See all 27 diversifiers for EICAX
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