Looking to diversify beyond CEE? The mutual funds below have historically moved differently from CEE, 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 CEE
4 mutual funds have low correlation with CEE (below 0.3), 0 of which are negatively correlated. The least correlated is DWS CROCI Equity Dividend Fd (KDHAX) (Large Cap Value Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS CROCI Equity Dividend Fd | 0.18 | 0.24 | 0.22 | 62 | Large Cap Value Equities | CEE vs KDHAX | |
| DWS Global High Income Fund | 0.23 | 0.18 | 0.21 | 74 | High Yield Bonds | CEE vs MGHYX | |
| DWS RREEF Real Assets Fund - Class A | 0.26 | 0.28 | 0.27 | 77 | Diversified Portfolio | CEE vs AAAAX | |
| DWS RREEF Real Assets Fund | 0.26 | 0.28 | 0.26 | 77 | Global Allocation | CEE vs AAAZX | |
| DoubleLine Shiller Enhanced International CAPE | 0.32 | 0.27 | 0.27 | 93 | Europe Equities | CEE vs DSEUX |
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