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
1 mutual funds have low correlation with CAREX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.28, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.28 | 0.40 | 0.50 | 77 | Global Equities | CAREX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.35 | 0.48 | 0.58 | 70 | Global Equities | CAREX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.51 | 0.62 | 0.67 | 66 | Global Equities | CAREX vs VMVFX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.53 | 0.63 | 0.67 | 66 | Global Equities | CAREX vs VMNVX | |
| Wasatch Global Value Fund Investor Class Shares | 0.53 | 0.53 | 0.59 | 93 | Global Equities | CAREX vs FMIEX |
See all 35 diversifiers for CAREX
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