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 Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.15 | 0.19 | 0.10 | 99 | Nontraditional Bonds | EIVPX vs EIGMX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.15 | 0.13 | 0.11 | 76 | Municipal Bonds | EIVPX vs EIMAX | |
| Princeton Premium Fund | 0.23 | 0.19 | 0.20 | 100 | Options Trading | EIVPX vs PPFIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.23 | 0.13 | 98 | Nontraditional Bonds | EIVPX vs EGRIX | |
| AQR Alternative Risk Premia Fund Class N | 0.32 | 0.16 | -0.04 | 97 | Multistrategy | EIVPX vs QRPNX |
See all 34 diversifiers for EIVPX
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