Looking to diversify beyond EIGMX? The mutual funds below have historically moved differently from EIGMX, 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 EIGMX
82 mutual funds have low correlation with EIGMX (below 0.3), 4 of which are negatively correlated. The least correlated is PGIM Securitized Credit Fund (SCFZX) (Nontraditional Bonds) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Securitized Credit Fund | -0.12 | -0.00 | 0.12 | 100 | Nontraditional Bonds | EIGMX vs SCFZX | |
| Putnam Mortgage Opportunities Fund | -0.06 | -0.01 | 0.06 | 88 | Nontraditional Bonds | EIGMX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.03 | — | — | 100 | Nontraditional Bonds | EIGMX vs CBYYX | |
| Pioneer Securitized Income Fund | -0.00 | 0.11 | 0.08 | 69 | Nontraditional Bonds | EIGMX vs SYFFX | |
| Eaton Vance National Ultra-Short Municipal Income ... | 0.03 | 0.07 | 0.05 | 97 | Municipal Bonds | EIGMX vs EXFLX |
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