Looking to diversify beyond EIGIX? The mutual funds below have the lowest correlation with EIGIX — 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 EIGIX.
Best Diversifiers for EIGIX
2 mutual funds have low correlation with EIGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) (Emerging Markets Bonds) with a 1Y correlation of 0.14, up from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.14 | 0.03 | -0.01 | 98 | Emerging Markets Bonds | EIGIX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.21 | 0.27 | 0.07 | 98 | Nontraditional Bonds | EIGIX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.34 | 0.23 | 0.13 | 58 | Large Cap Value Equities | EIGIX vs EHSTX | |
| Northern Income Equity Fund | 0.36 | 0.24 | 0.17 | 77 | Large Cap Value Equities | EIGIX vs NOIEX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.36 | 0.38 | 0.35 | 58 | Emerging Markets Bonds | EIGIX vs EEIAX |
See all 17 diversifiers for EIGIX
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