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
5 mutual funds have low correlation with CGAEX (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 0.02, 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 | |
| Recurrent MLP & Infrastructure Fund | 0.05 | 0.32 | 0.43 | 58 | Energy Equities | CGAEX vs RMLPX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.20 | 0.41 | 0.50 | 61 | Energy Equities | CGAEX vs VGENX | |
| Vanguard Energy Fund Admiral Shares | 0.20 | 0.41 | 0.50 | 62 | Energy Equities | CGAEX vs VGELX | |
| EIP Growth and Income Fund (NEW) | 0.27 | 0.47 | 0.56 | 72 | Energy Equities | CGAEX vs EIPIX |
See all 28 diversifiers for CGAEX
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