Looking to diversify beyond EVTMX? The mutual funds below have historically moved differently from EVTMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EVTMX
3 mutual funds have low correlation with EVTMX (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 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.16 | 0.18 | 0.07 | 99 | Nontraditional Bonds | EVTMX vs EIGMX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.20 | 0.16 | 0.12 | 60 | Municipal Bonds | EVTMX vs EIMAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.23 | 0.22 | 0.12 | 98 | Nontraditional Bonds | EVTMX vs EGRIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.13 | 0.12 | 97 | Large Cap Blend Equities | EVTMX vs SVPFX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.34 | 0.28 | 0.29 | 98 | Emerging Markets Bonds | EVTMX vs EELDX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EVTMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BlackRock Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of 0.50, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust | 0.50 | 0.55 | 0.61 | 84 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.53 | 0.59 | 0.64 | 80 | Financial Services |
Build a portfolio that complements EVTMX
Add EVTMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EVTMX