Looking to diversify beyond CCWSX? The mutual funds below have the lowest correlation with CCWSX — 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 CCWSX.
Best Diversifiers for CCWSX
3 mutual funds have low correlation with CCWSX (below 0.3), 0 of which are negatively correlated. The least correlated is Baird Ultra Short Bond Fund (BUBSX) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund | 0.15 | 0.09 | 0.07 | 100 | Ultrashort Bond | CCWSX vs BUBSX | |
| Baird Strategic Municipal Bond Fund | 0.18 | 0.20 | 0.20 | 85 | Municipal Bonds | CCWSX vs BSNSX | |
| Baird Short-Term Bond Fund Institutional Class | 0.25 | 0.19 | 0.17 | 93 | Short-Term Bond | CCWSX vs BSBIX | |
| SA International Value Fund | 0.48 | 0.50 | 0.56 | 87 | Foreign Large Cap Equities | CCWSX vs SAHMX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.48 | 0.51 | 81 | Foreign Large Cap Equities | CCWSX vs PTSIX |
See all 22 diversifiers for CCWSX
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