Looking to diversify beyond EIVPX? The mutual funds below have the lowest correlation with EIVPX — 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 EIVPX.
Best Diversifiers for EIVPX
4 mutual funds have low correlation with EIVPX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.14 | 0.13 | 0.10 | 71 | Municipal Bonds | EIVPX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.23 | 0.22 | 0.12 | 98 | Nontraditional Bonds | EIVPX vs EGRIX | |
| Princeton Premium Fund | 0.24 | 0.19 | 0.20 | 100 | Options Trading | EIVPX vs PPFIX | |
| AQR Alternative Risk Premia Fund Class N | 0.29 | 0.16 | -0.04 | 95 | Multistrategy | EIVPX vs QRPNX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.35 | 0.29 | 0.30 | 98 | Emerging Markets Bonds | EIVPX vs EELDX |
See all 30 diversifiers for EIVPX
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