Looking to diversify beyond CHI? The mutual funds below have historically moved differently from CHI, 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 CHI
3 mutual funds have low correlation with CHI (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 0.05 | — | — | 99 | Bank Loan | CHI vs CAPIX | |
| Calamos Short-Term Bond Fund | 0.17 | 0.18 | 0.18 | 79 | Short-Term Bond | CHI vs CSTIX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.21 | 0.05 | 0.11 | 75 | Convertible Bonds | CHI vs LEOOX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.35 | 0.33 | 0.45 | 98 | CHI vs CMNIX | ||
| BlackRock Enhanced Equity Dividend Trust | 0.49 | 0.45 | 0.48 | 64 | Derivative Income | CHI vs BDJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHI, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.11 | 0.07 | 0.21 | 77 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.17 | 0.27 | 0.39 | 66 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.25 | 0.25 | 0.33 | 74 | Financial Services | |
| AGNC Investment Corp. | 0.30 | 0.35 | 0.41 | 79 | Real Estate | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.30 | 0.27 | 0.27 | 78 | Financial Services |
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