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Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund (EILTX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations with final maturities of between five and fifteen years, the interest on which is exempt from regular federal income tax (the "80% Policy"). At least 90% of the fund's net assets normally is invested in municipal obligations rated at least investment grade at the time of investment or, if unrated, determined by the investment adviser or sub-advisor to be of at least investment grade quality.

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

14 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.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DCARX
DFA California Municipal Real Return Portfolio-0.040.160.20
95
Municipal BondsEILTX vs DCARX
DMREX
DFA Municipal Real Return Portfolio0.040.190.22
95
Municipal BondsEILTX vs DMREX
EIGMX
Eaton Vance Global Macro Absolute Return Fund0.170.180.11
99
Nontraditional BondsEILTX vs EIGMX
EHSTX
Eaton Vance Large-Cap Value Fund0.190.140.08
73
Large Cap Value EquitiesEILTX vs EHSTX
DNYMX
DFA NY Municipal Bond Portfolio0.220.330.43
99
Municipal BondsEILTX vs DNYMX
See all 32 diversifiers for EILTX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from EILTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EILTX and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.16, roughly unchanged from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
O
Realty Income Corporation0.160.270.19
72
Real Estate

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Diversification Analysis

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