Looking to diversify beyond CDSRX? The mutual funds below have historically moved differently from CDSRX, 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 CDSRX
7 mutual funds have low correlation with CDSRX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.14 | 0.12 | 0.17 | 93 | Large Cap Value Equities | CDSRX vs YAFFX | |
| GuidePath Absolute Return Allocation Fund | 0.14 | 0.54 | 0.63 | 55 | Short-Term Bond | CDSRX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.17 | 0.27 | 78 | Short-Term Bond | CDSRX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.18 | 0.04 | 0.32 | 100 | Short-Term Bond | CDSRX vs DFCFX | |
| Calvert Emerging Markets Equity Fund | 0.21 | 0.11 | 0.15 | 70 | Emerging Markets Equities | CDSRX vs CVMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CDSRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.02 | -0.05 | 0.06 | 81 | Industrials | |
| Albemarle Corporation | 0.07 | 0.06 | 0.08 | 77 | Basic Materials | |
| Broadcom Inc. | 0.14 | 0.02 | 0.09 | 69 | Technology | |
| First Solar, Inc. | 0.16 | 0.11 | 0.15 | 62 | Technology | |
| Apple Inc | 0.16 | 0.13 | 0.17 | 90 | Technology |
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