Looking to diversify beyond EOS? The mutual funds below have historically moved differently from EOS, 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 EOS
4 mutual funds have low correlation with EOS (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 0.13, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.13 | 0.16 | 0.09 | 99 | Nontraditional Bonds | EOS vs EIGMX | |
| Cullen Enhanced Equity Income Fund | 0.14 | 0.26 | 0.42 | 52 | Derivative Income | EOS vs ENHNX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.19 | 0.09 | 0.12 | 78 | Municipal Bonds | EOS vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.21 | 0.21 | 0.13 | 98 | Nontraditional Bonds | EOS vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.31 | 0.25 | 0.27 | 98 | Emerging Markets Bonds | EOS vs EELDX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EOS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.09 | 0.03 | 66 | Consumer Defensive | |
| Cohen & Steers Infrastructure Fund, Inc | 0.18 | 0.22 | 0.34 | 74 | Financial Services | |
| Equinix, Inc. | 0.22 | 0.34 | 0.42 | 82 | Real Estate | |
| Capital Southwest Corporation | 0.31 | 0.32 | 0.38 | 68 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.35 | 0.31 | 0.39 | 65 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EOS
Add EOS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EOS