Looking to diversify beyond CBUDX? The mutual funds below have historically moved differently from CBUDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CBUDX
67 mutual funds have low correlation with CBUDX (below 0.3), 10 of which are negatively correlated. The least correlated is Pacific Funds Ultra Short Income (PLUIX) (Ultrashort Bond) with a 1Y correlation of -0.07, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacific Funds Ultra Short Income | -0.07 | 0.03 | 0.06 | 99 | Ultrashort Bond | CBUDX vs PLUIX | |
| Allspring Ultra Short-Term Income Fund | -0.06 | 0.07 | 0.09 | 99 | Ultrashort Bond | CBUDX vs SADIX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.04 | 0.09 | 0.11 | 100 | Ultrashort Bond | CBUDX vs ENIAX | |
| Fidelity Series Treasury Bill Index Fund | -0.04 | 0.02 | 0.02 | 100 | Ultrashort Bond | CBUDX vs FHQFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | -0.03 | 0.03 | 0.01 | 99 | Ultrashort Bond | CBUDX vs UGSDX |
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