Looking to diversify beyond CFJIX? The mutual funds below have historically moved differently from CFJIX, 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 CFJIX
4 mutual funds have low correlation with CFJIX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.07 | 0.10 | 0.14 | 99 | Ultrashort Bond | CFJIX vs CULAX | |
| GQG Partners US Quality Dividend Income Fund | 0.23 | 0.55 | 0.65 | 62 | Quality Factor, Large Cap Value Equities | CFJIX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.26 | 0.56 | 0.67 | 93 | Large Cap Value Equities | CFJIX vs LEXCX | |
| Calvert Responsible Municipal Income Fund | 0.28 | 0.18 | 0.12 | 72 | Municipal Bonds | CFJIX vs CTTLX | |
| Federated Hermes Equity Income Fund | 0.30 | 0.58 | 0.77 | 72 | Dividend, Large Cap Value Equities | CFJIX vs LEIFX |
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