Looking to diversify beyond CISIX? The mutual funds below have historically moved differently from CISIX, 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 CISIX
2 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 0.10, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.10 | 0.10 | 0.15 | 99 | Ultrashort Bond | CISIX vs CULAX | |
| Calvert Responsible Municipal Income Fund | 0.25 | 0.16 | 0.14 | 72 | Municipal Bonds | CISIX vs CTTLX | |
| Calvert Short Duration Income Fund Class R6 | 0.31 | 0.18 | 0.21 | 80 | Short-Term Bond | CISIX vs CDSRX | |
| Calvert Short Duration Income Fund | 0.33 | 0.19 | 0.22 | 76 | Short-Term Bond | CISIX vs CSDAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.16 | 0.14 | 97 | Large Cap Blend Equities | CISIX vs SVPFX |
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