Looking to diversify beyond CGBIX? The mutual funds below have historically moved differently from CGBIX, 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 CGBIX
1 mutual funds have low correlation with CGBIX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Emerging Markets Equity Fund (CVMIX) (Emerging Markets Equities) with a 1Y correlation of 0.23, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Emerging Markets Equity Fund | 0.23 | 0.14 | 0.12 | 66 | Emerging Markets Equities | CGBIX vs CVMIX | |
| Calvert Global Energy Solutions Fund | 0.34 | 0.29 | 0.26 | 51 | Global Equities | CGBIX vs CAEIX | |
| Calvert US Large-Cap Core Responsible Index Fund | 0.34 | 0.21 | 0.20 | 63 | Large Cap Blend Equities | CGBIX vs CISIX | |
| Calvert US Large-Cap Value Responsible Index Fund | 0.35 | 0.24 | 0.19 | 93 | Large Cap Value Equities | CGBIX vs CFJIX | |
| Calvert International Responsible Index Fund | 0.41 | 0.30 | 0.27 | 74 | Foreign Large Cap Equities | CGBIX vs CDHIX |
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