Looking to diversify beyond EIHMX? The mutual funds below have the lowest correlation with EIHMX — 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 EIHMX.
Best Diversifiers for EIHMX
15 mutual funds have low correlation with EIHMX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.17 | 0.21 | 95 | Municipal Bonds | EIHMX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.19 | 0.22 | 94 | Municipal Bonds | EIHMX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.11 | 0.25 | 0.34 | 99 | Municipal Bonds | EIHMX vs DFSMX | |
| Eaton Vance Large-Cap Value Fund | 0.18 | 0.15 | 0.09 | 58 | Large Cap Value Equities | EIHMX vs EHSTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.27 | — | 100 | Municipal Bonds | EIHMX vs DFABX |
See all 32 diversifiers for EIHMX
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