Looking to diversify beyond CAREX? The mutual funds below have the lowest correlation with CAREX — 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 CAREX.
Best Diversifiers for CAREX
0 mutual funds have low correlation with CAREX (below 0.3), 0 of which are negatively correlated. The least correlated is Polaris Global Value Fund (PGVFX) (Global Equities) with a 1Y correlation of 0.55, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Polaris Global Value Fund | 0.55 | 0.67 | 0.68 | 90 | Global Equities | CAREX vs PGVFX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.57 | 0.64 | 0.67 | 81 | Global Equities | CAREX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.60 | 0.56 | 0.59 | 89 | Global Equities | CAREX vs FMIEX | |
| T. Rowe Price Real Assets Fund | 0.60 | 0.65 | 0.67 | 57 | Global Equities | CAREX vs PRAFX | |
| Artisan Global Equity Fund | 0.63 | 0.72 | 0.79 | 62 | Global Equities | CAREX vs ARTHX |
See all 22 diversifiers for CAREX
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