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Eaton Vance Income Fund of Boston (EVIBX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks to provide a high level of current income; the fund's secondary objectives are to seek growth of income and capital. The fund currently invests primarily in high yield, high risk corporate bonds (commonly referred to as "junk bonds") which are rated lower than investment grade (i.e., bonds rated lower than Baa by Moody's Investors Service, Inc. ("Moody's") or lower than BBB by S&P Global Ratings ("S&P") or Fitch Ratings (Fitch)) or are unrated and of comparable quality as determined by the investment adviser.

Looking to diversify beyond EVIBX? The mutual funds below have the lowest correlation with EVIBX — 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 EVIBX.

Best Diversifiers for EVIBX

4 mutual funds have low correlation with EVIBX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.06 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund0.070.090.06
100
High Yield BondsEVIBX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.080.080.10
100
High Yield BondsEVIBX vs CCLFX
EGRIX
Eaton Vance Global Macro Absolute Return Advantage...0.200.230.13
98
Nontraditional BondsEVIBX vs EGRIX
RPHIX
RiverPark Short Term High Yield Fund0.240.160.24
99
High Yield BondsEVIBX vs RPHIX
PRFRX
T. Rowe Price Floating Rate Fund0.370.440.50
96
High Yield BondsEVIBX vs PRFRX
See all 33 diversifiers for EVIBX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from EVIBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVIBX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
USB
U.S. Bancorp0.250.340.34
83
Financial Services

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Diversification Analysis

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