Looking to diversify beyond CGJIX? The mutual funds below have the lowest correlation with CGJIX — 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 CGJIX.
Best Diversifiers for CGJIX
5 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 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.05 | 0.08 | 0.14 | 99 | Ultrashort Bond | CGJIX vs CULAX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.16 | 0.08 | 0.05 | 98 | Ultrashort Bond | CGJIX vs CUTAX | |
| Calvert Floating-Rate Advantage Fund | 0.17 | 0.24 | 0.24 | 67 | Bank Loan | CGJIX vs CFOIX | |
| Calvert Responsible Municipal Income Fund | 0.20 | 0.14 | 0.13 | 73 | Municipal Bonds | CGJIX vs CTTLX | |
| Calvert Short Duration Income Fund Class R6 | 0.28 | 0.15 | 0.20 | 71 | Short-Term Bond | CGJIX vs CDSRX |
See all 49 diversifiers for CGJIX
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