Looking to diversify beyond EIGIX? The mutual funds below have historically moved differently from EIGIX, 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 EIGIX
4 mutual funds have low correlation with EIGIX (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, up from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.12 | 0.15 | -0.03 | 99 | Nontraditional Bonds | EIGIX vs EIGMX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.18 | 0.03 | -0.00 | 98 | Emerging Markets Bonds | EIGIX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.21 | 0.24 | 0.08 | 98 | Nontraditional Bonds | EIGIX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.29 | 0.21 | 0.14 | 87 | Large Cap Value Equities | EIGIX vs EHSTX | |
| Northern Income Equity Fund | 0.35 | 0.24 | 0.18 | 78 | Large Cap Value Equities, Dividend, Actively Managed | EIGIX vs NOIEX |
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