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
5 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 Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.16 | 0.20 | 0.11 | 99 | Nontraditional Bonds | ETO vs EIGMX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.19 | 0.35 | 0.48 | 75 | Global Equities | ETO vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.21 | 0.40 | 0.54 | 68 | Global Equities | ETO vs FGIAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.24 | 0.26 | 0.15 | 98 | Nontraditional Bonds | ETO vs EGRIX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.29 | 0.19 | 0.16 | 77 | Municipal Bonds | ETO vs EIMAX |
See all 43 diversifiers for ETO
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