Looking to diversify beyond CISIX? The mutual funds below have the lowest correlation with CISIX — 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 CISIX.
Best Diversifiers for CISIX
3 mutual funds have low correlation with CISIX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.05 | 0.09 | 0.15 | 99 | Ultrashort Bond | CISIX vs CULAX | |
| Calvert Floating-Rate Advantage Fund | 0.17 | 0.25 | 0.26 | 67 | Bank Loan | CISIX vs CFOIX | |
| Calvert Responsible Municipal Income Fund | 0.22 | 0.15 | 0.13 | 73 | Municipal Bonds | CISIX vs CTTLX | |
| Calvert Short Duration Income Fund Class R6 | 0.30 | 0.17 | 0.20 | 71 | Short-Term Bond | CISIX vs CDSRX | |
| Calvert Short Duration Income Fund | 0.32 | 0.19 | 0.21 | 64 | Short-Term Bond | CISIX vs CSDAX |
See all 53 diversifiers for CISIX
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