Looking to diversify beyond EMOIX? The mutual funds below have historically moved differently from EMOIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EMOIX
16 mutual funds have low correlation with EMOIX (below 0.3), 3 of which are negatively correlated. The least correlated is Eagle Energy Infrastructure Fund (EGLIX) (Energy Equities) with a 1Y correlation of -0.15, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eagle Energy Infrastructure Fund | -0.15 | 0.01 | 0.02 | 82 | Energy Equities | EMOIX vs EGLIX | |
| DFA California Municipal Real Return Portfolio | -0.07 | 0.15 | 0.20 | 91 | Municipal Bonds | EMOIX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.19 | 0.22 | 94 | Municipal Bonds | EMOIX vs DMREX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.16 | 0.17 | 0.11 | 99 | Nontraditional Bonds | EMOIX vs EIGMX | |
| Eaton Vance Large-Cap Value Fund | 0.19 | 0.14 | 0.09 | 87 | Large Cap Value Equities | EMOIX vs EHSTX |
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