Looking to diversify beyond EIFVX? The mutual funds below have the lowest correlation with EIFVX — 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 EIFVX.
Best Diversifiers for EIFVX
2 mutual funds have low correlation with EIFVX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.15 | 0.13 | 0.07 | 64 | Municipal Bonds | EIFVX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.20 | 0.22 | 0.14 | 97 | Nontraditional Bonds | EIFVX vs EGRIX | |
| Voya Corporate Leaders Trust Fund | 0.31 | 0.57 | 0.70 | 52 | Large Cap Value Equities | EIFVX vs LEXCX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.32 | 0.27 | 0.31 | 97 | Emerging Markets Bonds | EIFVX vs EELDX | |
| Eaton Vance Strategic Income Fund Class I | 0.35 | 0.23 | 0.21 | 92 | Multisector Bonds | EIFVX vs ESIIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EIFVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIFVX and solid risk/return profiles. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of 0.14, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | 0.14 | 0.28 | 0.42 | 97 | Energy |
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