Looking to diversify beyond EWHYX? The mutual funds below have historically moved differently from EWHYX, 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 EWHYX
6 mutual funds have low correlation with EWHYX (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 0.17 over 3 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 | 0.17 | — | 99 | Nontraditional Bonds | EWHYX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.21 | — | 98 | Nontraditional Bonds | EWHYX vs EGRIX | |
| Eaton Vance Large-Cap Value Fund | 0.20 | 0.15 | 0.11 | 87 | Large Cap Value Equities | EWHYX vs EHSTX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.26 | 0.16 | — | 98 | Emerging Markets Bonds | EWHYX vs EELDX | |
| Eaton Vance Richard Bernstein All Asset Strategy F... | 0.27 | 0.33 | — | 55 | Tactical Allocation | EWHYX vs EIRAX |
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