Looking to diversify beyond CAEIX? The mutual funds below have the lowest correlation with CAEIX — 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 CAEIX.
Best Diversifiers for CAEIX
4 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 0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.02 | 0.09 | 0.17 | 99 | Ultrashort Bond | CAEIX vs CULAX | |
| Calvert Floating-Rate Advantage Fund | 0.10 | 0.21 | 0.28 | 67 | Bank Loan | CAEIX vs CFOIX | |
| Calvert Responsible Municipal Income Fund | 0.23 | 0.23 | 0.20 | 73 | Municipal Bonds | CAEIX vs CTTLX | |
| Calvert Short Duration Income Fund Class R6 | 0.28 | 0.25 | 0.27 | 71 | Short-Term Bond | CAEIX vs CDSRX | |
| Calvert Short Duration Income Fund | 0.31 | 0.26 | 0.28 | 64 | Short-Term Bond | CAEIX vs CSDAX |
See all 112 diversifiers for CAEIX
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