Looking to diversify beyond CDCDX? The mutual funds below have historically moved differently from CDCDX, 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 CDCDX
2 mutual funds have low correlation with CDCDX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.12 | 0.08 | 0.06 | 99 | Government Bonds | CDCDX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.28 | 0.47 | 0.47 | 99 | Government Bonds | CDCDX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.34 | 0.09 | 0.28 | 99 | Government Bonds | CDCDX vs DFFGX | |
| Davis Government Bond Fund | 0.38 | 0.48 | 0.57 | 70 | Government Bonds | CDCDX vs RFBAX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.62 | 0.66 | 0.62 | 53 | Government Bonds | CDCDX vs VGAVX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CDCDX
Add CDCDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CDCDX