Looking to diversify beyond CHDEX? The mutual funds below have historically moved differently from CHDEX, 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 CHDEX
2 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 Equities) with a 1Y correlation of 0.16, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen Emerging Markets High Dividend Fund | 0.16 | 0.30 | 0.43 | 71 | Emerging Markets Equities | CHDEX vs CEMFX | |
| AMG Yacktman Focused Fund | 0.29 | 0.59 | 0.71 | 89 | Large Cap Value Equities | CHDEX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.41 | 0.63 | 0.73 | 93 | Large Cap Value Equities | CHDEX vs LEXCX | |
| Fidelity Freedom Income Fund Class K | 0.47 | 0.51 | 0.52 | 70 | Target Retirement Date | CHDEX vs FNSHX | |
| Cullen International High Dividend Fund | 0.52 | 0.55 | 0.65 | 77 | Foreign Large Cap Equities | CHDEX vs CIHIX |
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