Looking to diversify beyond EILIX? The mutual funds below have the lowest correlation with EILIX — 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 EILIX.
Best Diversifiers for EILIX
1 mutual funds have low correlation with EILIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.25 | 0.22 | 0.20 | 64 | Municipal Bonds | EILIX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.33 | 0.34 | 0.20 | 97 | Nontraditional Bonds | EILIX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.39 | 0.35 | 0.40 | 97 | Emerging Markets Bonds | EILIX vs EELDX | |
| Eaton Vance Multi-Asset Credit Fund | 0.47 | 0.49 | 0.53 | 86 | High Yield Bonds | EILIX vs EIAMX | |
| Eaton Vance Strategic Income Fund Class I | 0.48 | 0.44 | 0.38 | 92 | Multisector Bonds | EILIX vs ESIIX |
See all 17 diversifiers for EILIX
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