Looking to diversify beyond CDHIX? The mutual funds below have the lowest correlation with CDHIX — 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 CDHIX.
Best Diversifiers for CDHIX
3 mutual funds have low correlation with CDHIX (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 0.00, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.00 | 0.07 | 0.16 | 98 | Ultrashort Bond | CDHIX vs CULAX | |
| Calvert Floating-Rate Advantage Fund | 0.15 | 0.20 | 0.27 | 63 | Bank Loan | CDHIX vs CFOIX | |
| Calvert Responsible Municipal Income Fund | 0.28 | 0.22 | 0.19 | 69 | Municipal Bonds | CDHIX vs CTTLX | |
| Calvert Short Duration Income Fund Class R6 | 0.31 | 0.26 | 0.28 | 74 | Short-Term Bond | CDHIX vs CDSRX | |
| Calvert Short Duration Income Fund | 0.36 | 0.28 | 0.29 | 71 | Short-Term Bond | CDHIX vs CSDAX |
See all 36 diversifiers for CDHIX
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Diversification Analysis
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