Looking to diversify beyond CHTTX? The mutual funds below have the lowest correlation with CHTTX — 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 CHTTX.
Best Diversifiers for CHTTX
2 mutual funds have low correlation with CHTTX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG GW&K Municipal Enhanced Yield Fund (GWMEX) (High Yield Muni) with a 1Y correlation of 0.19, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Enhanced Yield Fund | 0.19 | 0.13 | 0.09 | 60 | High Yield Muni | CHTTX vs GWMEX | |
| AMG Veritas Asia Pacific Fund | 0.26 | 0.44 | 0.50 | 92 | Asia Pacific Equities | CHTTX vs MGSEX | |
| AMG GW&K Municipal Bond Fund | 0.31 | 0.18 | 0.11 | 64 | Municipal Bonds | CHTTX vs GWMIX | |
| AMG Boston Common Global Impact Fund | 0.56 | 0.72 | 0.79 | 71 | Large Cap Growth Equities | CHTTX vs BRWIX | |
| Invesco Value Opportunities Fund Class Y | 0.61 | 0.74 | 0.82 | 81 | Mid Cap Value Equities | CHTTX vs VVOIX |
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