Looking to diversify beyond EVGOX? The mutual funds below have the lowest correlation with EVGOX — 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 EVGOX.
Best Diversifiers for EVGOX
7 mutual funds have low correlation with EVGOX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) (Emerging Markets Bonds) with a 1Y correlation of 0.06, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.06 | -0.03 | -0.02 | 98 | Emerging Markets Bonds | EVGOX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.18 | 0.24 | 0.17 | 98 | Nontraditional Bonds | EVGOX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.22 | 0.11 | 0.10 | 58 | Large Cap Value Equities | EVGOX vs EHSTX | |
| DFA Short-Term Government Portfolio | 0.23 | 0.08 | 0.14 | 59 | Government Bonds | EVGOX vs DFFGX | |
| Fidelity Capital & Income Fund | 0.25 | 0.23 | 0.21 | 91 | High Yield Bonds | EVGOX vs FAGIX |
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