Looking to diversify beyond EIISX? The mutual funds below have historically moved differently from EIISX, 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 EIISX
1 mutual funds have low correlation with EIISX (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 0.26, up from 0.14 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 | 0.26 | 0.24 | 0.14 | 99 | Nontraditional Bonds | EIISX vs EIGMX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.33 | 0.23 | 0.20 | 66 | Municipal Bonds | EIISX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.36 | 0.35 | 0.21 | 98 | Nontraditional Bonds | EIISX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.43 | 0.36 | 0.40 | 98 | Emerging Markets Bonds | EIISX vs EELDX | |
| Eaton Vance Multi-Asset Credit Fund | 0.46 | 0.46 | 0.50 | 81 | High Yield Bonds | EIISX vs EIAMX |
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