Looking to diversify beyond CHIAX? The mutual funds below have the lowest correlation with CHIAX — 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 CHIAX.
Best Diversifiers for CHIAX
3 mutual funds have low correlation with CHIAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.07 | 0.02 | 0.09 | 85 | Bank Loan | CHIAX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.09 | — | — | 99 | Bank Loan | CHIAX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.13 | 0.11 | 0.17 | 100 | Bank Loan | CHIAX vs RCRIX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.35 | 0.39 | 0.54 | 87 | Bank Loan | CHIAX vs FFRSX | |
| PGIM Short Duration High Yield Income Fund | 0.38 | 0.37 | 0.47 | 65 | High Yield Bonds | CHIAX vs HYSZX |
See all 19 diversifiers for CHIAX
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