Looking to diversify beyond EIPCX? The mutual funds below have historically moved differently from EIPCX, 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 EIPCX
19 mutual funds have low correlation with EIPCX (below 0.3), 5 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | -0.15 | -0.08 | -0.01 | 78 | Municipal Bonds | EIPCX vs EIMAX | |
| Vanguard Short-Term Bond Index Fund | -0.14 | -0.07 | -0.01 | 53 | Short-Term Bond | EIPCX vs VBISX | |
| Eaton Vance Strategic Income Fund Class I | -0.09 | 0.01 | 0.08 | 93 | Multisector Bonds | EIPCX vs ETSIX | |
| Eaton Vance Short Duration Strategic Income Fund | -0.06 | 0.01 | 0.11 | 90 | Multisector Bonds | EIPCX vs ECSIX | |
| Eaton Vance Strategic Income Fund Class I | -0.05 | 0.01 | 0.09 | 94 | Multisector Bonds | EIPCX vs ESIIX |
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