Looking to diversify beyond CHDEX? The mutual funds below have the lowest correlation with CHDEX — 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 CHDEX.
Best Diversifiers for CHDEX
1 mutual funds have low correlation with CHDEX (below 0.3), 0 of which are negatively correlated. The least correlated is Cullen Emerging Markets High Dividend Fund (CEMFX) (Emerging Markets Diversified) with a 1Y correlation of 0.20, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen Emerging Markets High Dividend Fund | 0.20 | 0.34 | 0.44 | 89 | Emerging Markets Diversified | CHDEX vs CEMFX | |
| Rational Equity Armor Fund | 0.44 | 0.51 | 0.65 | 55 | Large Cap Value Equities | CHDEX vs HDCTX | |
| Fidelity Freedom Income Fund Class K | 0.56 | 0.53 | 0.53 | 74 | Target Retirement Date | CHDEX vs FNSHX | |
| Fidelity Large Cap Stock Fund | 0.62 | 0.69 | 0.80 | 76 | Large Cap Blend Equities | CHDEX vs FLCSX | |
| Federated Hermes Strategic Value Dividend Fund | 0.66 | 0.72 | 0.80 | 78 | Large Cap Value Equities | CHDEX vs SVAIX |
See all 34 diversifiers for CHDEX
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