Looking to diversify beyond CCVAX? The mutual funds below have historically moved differently from CCVAX, 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 CCVAX
1 mutual funds have low correlation with CCVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.11 | 0.10 | 0.14 | 99 | Ultrashort Bond | CCVAX vs CULAX | |
| Calvert Emerging Markets Equity Fund | 0.42 | 0.44 | 0.51 | 66 | Emerging Markets Equities | CCVAX vs CVMIX | |
| Fidelity Emerging Markets K | 0.43 | 0.46 | 0.53 | 51 | Emerging Markets Equities | CCVAX vs FKEMX | |
| PIMCO Income Fund Institutional Class | 0.46 | 0.33 | 0.37 | 52 | Multisector Bonds | CCVAX vs PIMIX | |
| Calvert High Yield Bond Fund | 0.51 | 0.51 | 0.52 | 54 | High Yield Bonds | CCVAX vs CYBIX |
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