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
13 mutual funds have low correlation with EICAX (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 0.14, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.14 | 0.12 | 0.06 | 55 | Large Cap Value Equities | EICAX vs EHSTX | |
| DFA NY Municipal Bond Portfolio | 0.14 | 0.29 | 0.39 | 99 | Municipal Bonds | EICAX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.30 | 0.37 | 99 | Municipal Bonds | EICAX vs USMSX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.18 | 0.14 | 0.15 | 97 | Emerging Markets Bonds | EICAX vs EELDX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.36 | 99 | Municipal Bonds | EICAX vs DFSMX |
See all 22 diversifiers for EICAX
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