Looking to diversify beyond CBRDX? The mutual funds below have the lowest correlation with CBRDX — 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 CBRDX.
Best Diversifiers for CBRDX
45 mutual funds have low correlation with CBRDX (below 0.3), 2 of which are negatively correlated. The least correlated is Doubleline Selective Credit Fund (DBSCX) (Multisector Bonds) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | -0.01 | 0.15 | 0.13 | 96 | Multisector Bonds | CBRDX vs DBSCX | |
| Angel Oak Multi-Strategy Income Fund | -0.00 | 0.11 | 0.12 | 96 | Multisector Bonds | CBRDX vs ANGLX | |
| Axonic Strategic Income Fund | 0.01 | 0.08 | 0.12 | 93 | Multisector Bonds | CBRDX vs AXSIX | |
| Easterly Income Opportunities Fund | 0.01 | 0.05 | 0.09 | 80 | Multisector Bonds | CBRDX vs JSVIX | |
| Thornburg Strategic Income Fund | 0.02 | 0.11 | 0.19 | 56 | Multisector Bonds | CBRDX vs TSIIX |
See all 46 diversifiers for CBRDX
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