Looking to diversify beyond EVMBX? The mutual funds below have the lowest correlation with EVMBX — 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 EVMBX.
Best Diversifiers for EVMBX
12 mutual funds have low correlation with EVMBX (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 0.17, 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 | 0.17 | 0.19 | 0.11 | 99 | Nontraditional Bonds | EVMBX vs EIGMX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.28 | 0.35 | 100 | Municipal Bonds | EVMBX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.31 | 0.40 | 99 | Municipal Bonds | EVMBX vs DNYMX | |
| Eaton Vance Large-Cap Value Fund | 0.22 | 0.16 | 0.09 | 73 | Large Cap Value Equities | EVMBX vs EHSTX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.23 | 0.22 | 0.16 | 98 | Nontraditional Bonds | EVMBX vs EGRIX |
See all 29 diversifiers for EVMBX
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