Looking to diversify beyond CHAIX? The mutual funds below have historically moved differently from CHAIX, 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 CHAIX
0 mutual funds have low correlation with CHAIX (below 0.3), 0 of which are negatively correlated. The least correlated is Provident Trust Strategy Fund (PROVX) (Large Cap Growth Equities) with a 1Y correlation of 0.41, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Provident Trust Strategy Fund | 0.41 | 0.60 | 0.72 | 60 | Large Cap Growth Equities | CHAIX vs PROVX | |
| Davis New York Venture Fund Class Y | 0.64 | 0.71 | 0.76 | 95 | Large Cap Growth Equities | CHAIX vs DNVYX | |
| American Growth Fund Series One | 0.74 | 0.78 | 0.81 | 58 | Large Cap Growth Equities | CHAIX vs AMRGX | |
| ICON Equity Fund | 0.78 | 0.72 | 0.79 | 84 | Large Cap Growth Equities | CHAIX vs IOLZX | |
| Segall Bryant & Hamill All Cap Fund | 0.82 | 0.85 | 0.89 | 63 | Large Cap Growth Equities | CHAIX vs SBHAX |
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