Looking to diversify beyond CBUDX? The mutual funds below have the lowest correlation with CBUDX — 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 CBUDX.
Best Diversifiers for CBUDX
65 mutual funds have low correlation with CBUDX (below 0.3), 12 of which are negatively correlated. The least correlated is Pacific Funds Ultra Short Income (PLUIX) (Ultrashort Bond) with a 1Y correlation of -0.09, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacific Funds Ultra Short Income | -0.09 | 0.03 | — | 99 | Ultrashort Bond | CBUDX vs PLUIX | |
| Federated Hermes Government Ultrashort Fund | -0.08 | 0.03 | — | 99 | Ultrashort Bond | CBUDX vs FGUSX | |
| Calvert Ultra-Short Duration Income Fund | -0.06 | 0.08 | — | 99 | Ultrashort Bond | CBUDX vs CULAX | |
| Saratoga Municipal Bond Portfolio | -0.04 | 0.05 | — | 91 | Ultrashort Bond | CBUDX vs SMBPX | |
| Allspring Ultra Short-Term Income Fund | -0.04 | 0.09 | — | 98 | Ultrashort Bond | CBUDX vs SADIX |
See all 66 diversifiers for CBUDX
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