Looking to diversify beyond CEE? The mutual funds below have the lowest correlation with CEE — 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 CEE.
Best Diversifiers for CEE
1 mutual funds have low correlation with CEE (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Global High Income Fund (MGHYX) (High Yield Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Global High Income Fund | 0.26 | 0.19 | 0.21 | 76 | High Yield Bonds | CEE vs MGHYX | |
| DWS Science and Technology Fund | 0.30 | 0.24 | 0.24 | 58 | Technology Equities | CEE vs KTCAX | |
| DoubleLine Shiller Enhanced International CAPE | 0.34 | 0.24 | 0.27 | 58 | Europe Equities | CEE vs DSEUX | |
| DWS Core Equity Fund | 0.37 | 0.30 | 0.29 | 61 | Large Cap Blend Equities | CEE vs SCDGX | |
| DWS Emerging Markets Equity Fund | 0.37 | 0.31 | 0.32 | 84 | Emerging Markets Diversified | CEE vs SEMGX |
See all 10 diversifiers for CEE
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