Looking to diversify beyond CHTTX? The mutual funds below have historically moved differently from CHTTX, 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 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 0.25, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Enhanced Yield Fund | 0.25 | 0.15 | 0.10 | 77 | High Yield Muni | CHTTX vs GWMEX | |
| AMG Yacktman Focused Fund | 0.30 | 0.58 | 0.72 | 89 | Large Cap Value Equities | CHTTX vs YAFFX | |
| AMG GW&K Municipal Bond Fund | 0.33 | 0.19 | 0.12 | 57 | Municipal Bonds | CHTTX vs GWMIX | |
| AMG Yacktman Special Opportunities Fund | 0.39 | 0.49 | 0.60 | 55 | Foreign Small & Mid Cap Equities | CHTTX vs YASLX | |
| AMG Boston Common Global Impact Fund | 0.47 | 0.68 | 0.77 | 54 | Large Cap Growth Equities | CHTTX vs BRWIX |
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