Looking to diversify beyond EWHYX? The mutual funds below have the lowest correlation with EWHYX — 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 EWHYX.
Best Diversifiers for EWHYX
4 mutual funds have low correlation with EWHYX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Large-Cap Value Fund (EHSTX) (Large Cap Value Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Large-Cap Value Fund | 0.16 | 0.15 | — | 58 | Large Cap Value Equities | EWHYX vs EHSTX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.17 | 0.16 | 0.19 | 98 | Emerging Markets Bonds | EWHYX vs EELDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.24 | — | 98 | Nontraditional Bonds | EWHYX vs EGRIX | |
| Eaton Vance Richard Bernstein All Asset Strategy F... | 0.26 | 0.33 | — | 51 | Tactical Allocation | EWHYX vs EIRAX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.32 | 0.31 | — | 58 | Emerging Markets Bonds | EWHYX vs EEIAX |
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