Looking to diversify beyond CHASX? The mutual funds below have historically moved differently from CHASX, 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 CHASX
0 mutual funds have low correlation with CHASX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS International Intrinsic Value Fund Class I (MINIX) (Large Cap Growth Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS International Intrinsic Value Fund Class I | 0.63 | 0.63 | 0.68 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | CHASX vs MINIX | |
| Davis New York Venture Fund Class Y | 0.63 | 0.71 | 0.76 | 90 | Large Cap Growth Equities | CHASX vs DNVYX | |
| Adams Diversified Equity Fund, Inc. | 0.65 | 0.74 | 0.81 | 83 | Large Cap Blend Equities | CHASX vs ADX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.71 | 0.67 | 0.72 | 76 | Foreign Large Cap Equities | CHASX vs VTMGX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.72 | 0.73 | 0.74 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | CHASX vs QQQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHASX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Royal Bank of Canada (RY) (Financial Services) with a 1Y correlation of 0.49, roughly unchanged from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Bank of Canada | 0.49 | 0.48 | 0.56 | 98 | Financial Services |
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