Looking to diversify beyond EIDOX? The mutual funds below have the lowest correlation with EIDOX — 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 EIDOX.
Best Diversifiers for EIDOX
4 mutual funds have low correlation with EIDOX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Long-Short Equity Fund (QLEIX) (Long-Short) with a 1Y correlation of 0.16, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | 0.16 | 0.15 | 0.12 | 53 | Long-Short | EIDOX vs QLEIX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.20 | 0.14 | 0.15 | 71 | Municipal Bonds | EIDOX vs EIMAX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.21 | 0.19 | 0.24 | 63 | Emerging Markets Bonds | EIDOX vs EDF | |
| Fidelity Floating Rate High Income Fund | 0.28 | 0.23 | 0.34 | 92 | Bank Loan | EIDOX vs FFRHX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.36 | 0.31 | 0.31 | 98 | Emerging Markets Bonds | EIDOX vs DBLLX |
See all 70 diversifiers for EIDOX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EIDOX
Add EIDOX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EIDOX