Looking to diversify beyond EIPCX? The mutual funds below have the lowest correlation with EIPCX — 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 EIPCX.
Best Diversifiers for EIPCX
11 mutual funds have low correlation with EIPCX (below 0.3), 2 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | -0.15 | -0.05 | -0.01 | 71 | Municipal Bonds | EIPCX vs EIMAX | |
| Eaton Vance Strategic Income Fund Class I | -0.05 | 0.03 | 0.10 | 93 | Multisector Bonds | EIPCX vs ESIIX | |
| Eaton Vance Multi-Asset Credit Fund | 0.02 | 0.10 | 0.17 | 87 | High Yield Bonds | EIPCX vs EIAMX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.08 | 0.18 | 0.21 | 98 | Emerging Markets Bonds | EIPCX vs EELDX | |
| Eaton Vance Richard Bernstein All Asset Strategy F... | 0.09 | 0.17 | 0.21 | 51 | Tactical Allocation | EIPCX vs EIRAX |
See all 21 diversifiers for EIPCX
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