Looking to diversify beyond CEFIX? The mutual funds below have the lowest correlation with CEFIX — 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 CEFIX.
Best Diversifiers for CEFIX
1 mutual funds have low correlation with CEFIX (below 0.3), 1 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | -0.01 | -0.01 | 0.10 | 98 | Ultrashort Bond | CEFIX vs CULAX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.60 | 0.67 | 91 | Emerging Markets Diversified | CEFIX vs ESCIX | |
| Calvert US Large-Cap Value Responsible Index Fund | 0.51 | 0.50 | 0.54 | 85 | Large Cap Value Equities | CEFIX vs CFJIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.64 | 0.68 | 0.74 | 90 | Emerging Markets Diversified | CEFIX vs EMPTX | |
| Cullen Emerging Markets High Dividend Fund | 0.67 | 0.74 | 0.77 | 85 | Emerging Markets Diversified | CEFIX vs CEMFX |
See all 29 diversifiers for CEFIX
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