Looking to diversify beyond CENTX? The mutual funds below have the lowest correlation with CENTX — 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 CENTX.
Best Diversifiers for CENTX
0 mutual funds have low correlation with CENTX (below 0.3), 0 of which are negatively correlated. The least correlated is Calamos Global Dynamic Income Fund (CHW) (Global Allocation) with a 1Y correlation of 0.33, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 0.33 | 0.52 | 0.60 | 66 | Global Allocation | CENTX vs CHW | |
| Calamos Global Opportunities Fund | 0.41 | 0.57 | 0.71 | 57 | Global Allocation | CENTX vs CVLOX | |
| LoCorr Macro Strategies Fund Class I | 0.44 | 0.10 | -0.04 | 88 | Global Allocation | CENTX vs LFMIX | |
| Wilmington Real Asset Fund | 0.44 | 0.61 | 0.65 | 84 | Global Allocation | CENTX vs WMRIX | |
| Hartford Real Asset Fund | 0.45 | 0.67 | 0.73 | 97 | Global Allocation | CENTX vs HRLYX |
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