Looking to diversify beyond EOS? The mutual funds below have the lowest correlation with EOS — 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 EOS.
Best Diversifiers for EOS
5 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 0.10, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.10 | 0.16 | 0.09 | 99 | Nontraditional Bonds | EOS vs EIGMX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.19 | 0.08 | 0.11 | 76 | 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... | 0.28 | 0.24 | 0.27 | 98 | Emerging Markets Bonds | EOS vs EELDX | |
| NXG NextGen Infrastructure Income Fund | 0.29 | 0.28 | — | 75 | Global Equity Income | EOS vs NXG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EOS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EOS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.08 | 0.03 | 79 | Consumer Defensive | |
| Cohen & Steers Infrastructure Fund, Inc | 0.17 | 0.22 | 0.35 | 71 | Financial Services | |
| Equinix, Inc. | 0.20 | 0.34 | 0.42 | 88 | Real Estate | |
| Capital Southwest Corporation | 0.29 | 0.32 | 0.38 | 68 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.37 | 0.32 | 0.39 | 70 | Financial Services |
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Build a portfolio that complements EOS
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Analyze a portfolio with EOS