Looking to diversify beyond EILBX? The mutual funds below have the lowest correlation with EILBX — 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 EILBX.
Best Diversifiers for EILBX
8 mutual funds have low correlation with EILBX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Large-Cap Value Fund (EHSTX) (Large Cap Value Equities) with a 1Y correlation of 0.19, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.19 | 0.14 | 0.08 | 58 | Large Cap Value Equities | EILBX vs EHSTX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.26 | 0.36 | 99 | Municipal Bonds | EILBX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.24 | 0.31 | 0.40 | 99 | Municipal Bonds | EILBX vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.30 | — | 100 | Municipal Bonds | EILBX vs DFABX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.21 | 0.16 | 98 | Nontraditional Bonds | EILBX vs EGRIX |
See all 26 diversifiers for EILBX
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