Looking to diversify beyond EILGX? The mutual funds below have the lowest correlation with EILGX — 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 EILGX.
Best Diversifiers for EILGX
17 mutual funds have low correlation with EILGX (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 0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.04 | 0.12 | 0.05 | 99 | Nontraditional Bonds | EILGX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.08 | 0.16 | 0.09 | 98 | Nontraditional Bonds | EILGX vs EGRIX | |
| One Rock Fund | 0.15 | 0.42 | 0.59 | 89 | Large Cap Growth Equities | EILGX vs ONERX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.15 | 0.19 | 0.24 | 98 | Emerging Markets Bonds | EILGX vs EELDX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.20 | 0.17 | 0.15 | 77 | Municipal Bonds | EILGX vs EIMAX |
See all 34 diversifiers for EILGX
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