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Eaton Vance Short Duration High Income Fund (ESHIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests primarily in fixed-income securities rated below investment grade, including floating-rate loans and convertible securities. The fund invests in securities rated Baa or below by Moody's or BBB and below by S&P or Fitch and comparable rated securities, including securities rated below Caa1 by Moody's, CCC+ by S&P or CCC by Fitch Ratings at time of purchase or are unrated and of comparable quality as determined by the investment adviser. The Advisor intends to maintain a dollar-weighted average duration of three years or less.

Looking to diversify beyond ESHIX? The mutual funds below have the lowest correlation with ESHIX — 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 ESHIX.

Best Diversifiers for ESHIX

4 mutual funds have low correlation with ESHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.040.070.09
100
High Yield BondsESHIX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.090.090.05
100
High Yield BondsESHIX vs XILSX
EGRIX
Eaton Vance Global Macro Absolute Return Advantage...0.150.220.12
97
Nontraditional BondsESHIX vs EGRIX
RPHIX
RiverPark Short Term High Yield Fund0.190.200.25
100
High Yield BondsESHIX vs RPHIX
EELDX
Eaton Vance Emerging Markets Debt Opportunities Fu...0.340.260.32
97
Emerging Markets BondsESHIX vs EELDX
See all 28 diversifiers for ESHIX

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Diversification Analysis

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