Looking to diversify beyond EILGX? The mutual funds below have historically moved differently from EILGX, 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 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 0.00, roughly unchanged from 0.04 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 | 0.00 | 0.10 | 0.04 | 99 | Nontraditional Bonds | EILGX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.04 | 0.14 | 0.08 | 98 | Nontraditional Bonds | EILGX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.13 | 0.19 | 0.24 | 98 | Emerging Markets Bonds | EILGX vs EELDX | |
| Fidelity OTC Portfolio Class K | 0.17 | 0.47 | 0.68 | 76 | Large Cap Growth Equities | EILGX vs FOCKX | |
| Fidelity OTC K6 Portfolio | 0.18 | 0.48 | 0.68 | 66 | Large Cap Growth Equities | EILGX vs FOKFX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EILGX
Add EILGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EILGX