Looking to diversify beyond CGAEX? The mutual funds below have the lowest correlation with CGAEX — 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 CGAEX.
Best Diversifiers for CGAEX
11 mutual funds have low correlation with CGAEX (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 -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | -0.02 | 0.08 | 0.17 | 98 | Ultrashort Bond | CGAEX vs CULAX | |
| Vanguard Energy Index Fund Admiral Shares | 0.02 | 0.25 | 0.34 | 58 | Energy Equities | CGAEX vs VENAX | |
| Fidelity Select Energy Portfolio | 0.04 | 0.28 | 0.37 | 79 | Energy Equities | CGAEX vs FSENX | |
| Recurrent MLP & Infrastructure Fund | 0.05 | 0.33 | 0.43 | 78 | Energy Equities | CGAEX vs RMLPX | |
| Invesco Energy Fund | 0.05 | 0.28 | 0.37 | 70 | Energy Equities | CGAEX vs FSTEX |
See all 33 diversifiers for CGAEX
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