Looking to diversify beyond CGJIX? The mutual funds below have historically moved differently from CGJIX, 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 CGJIX
4 mutual funds have low correlation with CGJIX (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 0.11, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.11 | 0.10 | 0.15 | 99 | Ultrashort Bond | CGJIX vs CULAX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.18 | 0.09 | 0.06 | 63 | Ultrashort Bond | CGJIX vs CUTAX | |
| Calvert Responsible Municipal Income Fund | 0.25 | 0.14 | 0.14 | 72 | Municipal Bonds | CGJIX vs CTTLX | |
| Calvert Short Duration Income Fund Class R6 | 0.30 | 0.16 | 0.20 | 80 | Short-Term Bond | CGJIX vs CDSRX | |
| Calvert Short Duration Income Fund | 0.31 | 0.18 | 0.21 | 76 | Short-Term Bond | CGJIX vs CSDAX |
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