Looking to diversify beyond CHW? The mutual funds below have historically moved differently from CHW, 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 CHW
4 mutual funds have low correlation with CHW (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.19, up from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.19 | 0.09 | -0.02 | 79 | Global Allocation | CHW vs LFMIX | |
| Wilmington Real Asset Fund | 0.22 | 0.38 | 0.43 | 90 | Global Allocation | CHW vs WMRIX | |
| Hartford Real Asset Fund | 0.26 | 0.38 | 0.47 | 97 | Global Allocation | CHW vs HRLYX | |
| Centerstone Investors Fund | 0.27 | 0.48 | 0.60 | 87 | Global Allocation | CHW vs CENTX | |
| Nuveen Real Asset Income Fund | 0.30 | 0.41 | 0.54 | 85 | Global Allocation | CHW vs NRIIX |
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