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Eaton Vance Richard Bernstein All Asset Strategy Fund (EIRAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund has flexibility to allocate its assets in markets around the world and among various asset classes, including equity, fixed-income, commodity, currency and cash investments. Under normal circumstances, the advisor currently expects to invest 0-75% of its net assets in equity securities, 25-90% in fixed-income securities and other fixed and floating-rate income instruments, 0-25% in commodities (primarily through the use of ETFs that invest in commodities or commodities-related investments) and/or currencies, and 0-25% in cash and cash equivalents. It may also invest in derivatives to obtain such exposures.

Looking to diversify beyond EIRAX? The mutual funds below have the lowest correlation with EIRAX — 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 EIRAX.

Best Diversifiers for EIRAX

30 mutual funds have low correlation with EIRAX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.04, down from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PBAIX
BlackRock Tactical Opportunities Fund Institutiona...-0.040.150.10
75
Tactical AllocationEIRAX vs PBAIX
EAPCX
Parametric Commodity Strategy Fund Class A0.090.170.21
55
CommoditiesEIRAX vs EAPCX
EIPCX
Parametric Commodity Strategy Fund Class I0.090.170.21
57
CommoditiesEIRAX vs EIPCX
EXFLX
Eaton Vance National Ultra-Short Municipal Income ...0.190.100.10
98
Municipal BondsEIRAX vs EXFLX
EARRX
Eaton Vance Short Duration Inflation-Protected Inc...0.210.340.37
65
Inflation-Protected BondsEIRAX vs EARRX
See all 80 diversifiers for EIRAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from EIRAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIRAX and solid risk/return profiles. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of 0.07, down from 0.30 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
E
Eni S.p.A.0.070.220.30
91
Energy

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Diversification Analysis

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