Looking to diversify beyond ETOHX? The mutual funds below have the lowest correlation with ETOHX — 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 ETOHX.
Best Diversifiers for ETOHX
13 mutual funds have low correlation with ETOHX (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 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 0.14 | 0.18 | 0.14 | 98 | Nontraditional Bonds | ETOHX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.15 | 0.13 | 0.08 | 58 | Large Cap Value Equities | ETOHX vs EHSTX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.26 | 0.35 | 99 | Municipal Bonds | ETOHX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.31 | 0.40 | 99 | Municipal Bonds | ETOHX vs DNYMX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.19 | 0.15 | 0.18 | 98 | Emerging Markets Bonds | ETOHX vs EELDX |
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