Looking to diversify beyond ERASX? The mutual funds below have the lowest correlation with ERASX — 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 ERASX.
Best Diversifiers for ERASX
3 mutual funds have low correlation with ERASX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) (Nontraditional Bonds) with a 1Y correlation of 0.14, 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 Advantage... | 0.14 | 0.17 | 0.09 | 98 | Nontraditional Bonds | ERASX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.20 | 0.21 | 0.27 | 98 | Emerging Markets Bonds | ERASX vs EELDX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.21 | 0.13 | 0.10 | 71 | Municipal Bonds | ERASX vs EIMAX | |
| Eaton Vance Multi-Asset Credit Fund | 0.35 | 0.38 | 0.40 | 87 | High Yield Bonds | ERASX vs EIAMX | |
| Eaton Vance Strategic Income Fund Class I | 0.37 | 0.26 | 0.22 | 93 | Multisector Bonds | ERASX vs ESIIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ERASX
Add ERASX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ERASX