Looking to diversify beyond EILTX? The mutual funds below have the lowest correlation with EILTX — 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 EILTX.
Best Diversifiers for EILTX
13 mutual funds have low correlation with EILTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.17 | 0.20 | 95 | Municipal Bonds | EILTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.22 | 94 | Municipal Bonds | EILTX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.33 | 0.43 | 99 | Municipal Bonds | EILTX vs DNYMX | |
| Eaton Vance Large-Cap Value Fund | 0.21 | 0.14 | 0.07 | 58 | Large Cap Value Equities | EILTX vs EHSTX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.30 | 0.39 | 99 | Municipal Bonds | EILTX vs DFSMX |
See all 29 diversifiers for EILTX
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