Looking to diversify beyond ETB? The mutual funds below have the lowest correlation with ETB — 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 ETB.
Best Diversifiers for ETB
3 mutual funds have low correlation with ETB (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Massachusetts Municipal Income Fund (EIMAX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Massachusetts Municipal Income Fund | 0.13 | 0.12 | 0.10 | 71 | Municipal Bonds | ETB vs EIMAX | |
| Princeton Premium Fund | 0.14 | 0.15 | 0.14 | 100 | Options Trading | ETB vs PPFIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.26 | 0.21 | 0.09 | 98 | Nontraditional Bonds | ETB vs EGRIX | |
| Eaton Vance Strategic Income Fund Class I | 0.38 | 0.25 | 0.18 | 93 | Multisector Bonds | ETB vs ESIIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.38 | 0.25 | 0.24 | 98 | Emerging Markets Bonds | ETB vs EELDX |
See all 23 diversifiers for ETB
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