Looking to diversify beyond CFOIX? The mutual funds below have the lowest correlation with CFOIX — 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 CFOIX.
Best Diversifiers for CFOIX
18 mutual funds have low correlation with CFOIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.22, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.22 | -0.05 | 0.06 | 84 | Bank Loan | CFOIX vs XPTFX | |
| Calvert Global Energy Solutions Fund | 0.10 | 0.21 | 0.28 | 82 | Global Equities | CFOIX vs CAEIX | |
| Calvert Emerging Markets Equity Fund | 0.11 | 0.18 | 0.26 | 88 | Emerging Markets Diversified | CFOIX vs CVMIX | |
| Calvert US Large-Cap Value Responsible Index Fund | 0.12 | 0.24 | 0.25 | 86 | Large Cap Value Equities | CFOIX vs CFJIX | |
| RiverPark Floating Rate CMBS Fund | 0.13 | 0.14 | 0.17 | 100 | Bank Loan | CFOIX vs RCRIX |
See all 44 diversifiers for CFOIX
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