Looking to diversify beyond CCVAX? The mutual funds below have the lowest correlation with CCVAX — 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 CCVAX.
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 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.01 | 0.08 | 0.13 | 98 | Ultrashort Bond | CCVAX vs CULAX | |
| Fidelity Emerging Markets K | 0.41 | 0.46 | 0.53 | 87 | Emerging Markets Equities | CCVAX vs FKEMX | |
| Calvert Emerging Markets Equity Fund | 0.41 | 0.46 | 0.51 | 90 | Emerging Markets Diversified | CCVAX vs CVMIX | |
| Calvert US Large-Cap Growth Responsible Index Fund | 0.57 | 0.63 | 0.72 | 53 | Large Cap Growth Equities | CCVAX vs CGJIX | |
| Calvert Global Energy Solutions Fund | 0.61 | 0.68 | 0.74 | 89 | Global Equities | CCVAX vs CAEIX |
See all 38 diversifiers for CCVAX
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