Looking to diversify beyond EISMX? The mutual funds below have the lowest correlation with EISMX — 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 EISMX.
Best Diversifiers for EISMX
29 mutual funds have low correlation with EISMX (below 0.3), 0 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class A (EAPCX) (Commodities) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class A | 0.01 | 0.06 | 0.15 | 55 | Commodities | EISMX vs EAPCX | |
| Parametric Commodity Strategy Fund Class I | 0.02 | 0.07 | 0.16 | 57 | Commodities | EISMX vs EIPCX | |
| Eaton Vance Ohio Municipal Income Fund | 0.12 | 0.10 | 0.09 | 65 | Municipal Bonds | EISMX vs ETOHX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.12 | 0.12 | 0.07 | 99 | Nontraditional Bonds | EISMX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.12 | 0.16 | 0.08 | 98 | Macro Trading | EISMX vs EGRAX |
See all 63 diversifiers for EISMX
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