Looking to diversify beyond EIFVX? The mutual funds below have historically moved differently from EIFVX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EIFVX
5 mutual funds have low correlation with EIFVX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.13, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.13 | 0.50 | 0.65 | 62 | Quality Factor, Large Cap Value Equities | EIFVX vs GQHPX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.18 | 0.14 | 0.08 | 78 | Municipal Bonds | EIFVX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.18 | 0.19 | 0.11 | 99 | Nontraditional Bonds | EIFVX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.21 | 0.23 | 0.14 | 98 | Nontraditional Bonds | EIFVX vs EGRIX | |
| Voya Corporate Leaders Trust Fund | 0.24 | 0.54 | 0.68 | 93 | Large Cap Value Equities | EIFVX vs LEXCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EIFVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of 0.11, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | 0.11 | 0.24 | 0.39 | 94 | Energy |
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