Looking to diversify beyond ETO? The mutual funds below have the lowest correlation with ETO — 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 ETO.
Best Diversifiers for ETO
2 mutual funds have low correlation with ETO (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 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 0.22 | 0.25 | 0.14 | 97 | Nontraditional Bonds | ETO vs EGRIX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.25 | 0.19 | 0.16 | 70 | Municipal Bonds | ETO vs EIMAX | |
| Eaton Vance Strategic Income Fund Class I | 0.39 | 0.30 | 0.27 | 92 | Multisector Bonds | ETO vs ESIIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.40 | 0.35 | 0.35 | 97 | Emerging Markets Bonds | ETO vs EELDX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.43 | 0.57 | 0.62 | 81 | Global Equities | ETO vs RTXAX |
See all 32 diversifiers for ETO
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