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
5 mutual funds have low correlation with CHIAX (below 0.3), 2 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 -0.10, 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 ... | -0.10 | 0.01 | 0.09 | 91 | Bank Loan | CHIAX vs XPTFX | |
| Credit Suisse Trust Commodity Return Strategy Port... | -0.05 | 0.00 | 0.10 | 52 | Commodities | CHIAX vs CCRSX | |
| RiverPark Floating Rate CMBS Fund | 0.10 | 0.10 | 0.16 | 100 | Bank Loan | CHIAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.11 | — | — | 99 | Bank Loan | CHIAX vs CAPIX | |
| Hartford Floating Rate High Income Fund | 0.29 | 0.35 | 0.53 | 79 | Bank Loan | CHIAX vs HFHIX |
See all 43 diversifiers for CHIAX
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