Looking to diversify beyond CDCDX? The mutual funds below have the lowest correlation with CDCDX — 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 CDCDX.
Best Diversifiers for CDCDX
3 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.12 | 0.05 | 0.06 | 99 | Government Bonds | CDCDX vs GUSTX | |
| DFA Short-Term Government Portfolio | 0.20 | 0.06 | 0.27 | 61 | Government Bonds | CDCDX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | 0.25 | 0.47 | 0.47 | 99 | Government Bonds | CDCDX vs FEUGX | |
| Davis Government Bond Fund | 0.41 | 0.50 | 0.58 | 66 | Government Bonds | CDCDX vs RFBAX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.56 | 0.66 | 0.61 | 74 | Government Bonds | CDCDX vs VGAVX |
See all 9 diversifiers for CDCDX
To view more results, upgrade your current subscription plan.
Diversification Analysis
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