Looking to diversify beyond CFJIX? The mutual funds below have the lowest correlation with CFJIX — 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 CFJIX.
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 0.09, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.09 | 0.10 | 0.14 | 99 | Ultrashort Bond | CFJIX vs CULAX | |
| Calvert Floating-Rate Advantage Fund | 0.12 | 0.24 | 0.25 | 67 | Bank Loan | CFJIX vs CFOIX | |
| Federated Hermes Equity Income Fund | 0.20 | 0.59 | 0.77 | 65 | Large Cap Value Equities | CFJIX vs LEIFX | |
| Calvert Responsible Municipal Income Fund | 0.26 | 0.17 | 0.11 | 73 | Municipal Bonds | CFJIX vs CTTLX | |
| Calvert Short Duration Income Fund Class R6 | 0.32 | 0.21 | 0.20 | 71 | Short-Term Bond | CFJIX vs CDSRX |
See all 57 diversifiers for CFJIX
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