Looking to diversify beyond CAEIX? The mutual funds below have historically moved differently from CAEIX, 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 CAEIX
6 mutual funds have low correlation with CAEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of 0.07, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.07 | 0.09 | 0.18 | 99 | Ultrashort Bond | CAEIX vs CULAX | |
| GQG Partners Global Quality Dividend Income Fund | 0.19 | 0.49 | 0.59 | 70 | Quality Factor, Global Equities | CAEIX vs GQFPX | |
| Calvert Responsible Municipal Income Fund | 0.23 | 0.23 | 0.20 | 72 | Municipal Bonds | CAEIX vs CTTLX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.29 | 0.50 | 0.61 | 53 | Global Equities, Low Volatility | CAEIX vs SVTAX | |
| Calvert Short Duration Income Fund Class R6 | 0.29 | 0.24 | 0.28 | 80 | Short-Term Bond | CAEIX vs CDSRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CAEIX
Add CAEIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAEIX