Looking to diversify beyond CLDAX? The mutual funds below have the lowest correlation with CLDAX — 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 CLDAX.
Best Diversifiers for CLDAX
5 mutual funds have low correlation with CLDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Emerging Markets Equity Fund (CVMIX) (Emerging Markets Diversified) with a 1Y correlation of 0.18, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Emerging Markets Equity Fund | 0.18 | 0.13 | 0.09 | 90 | Emerging Markets Diversified | CLDAX vs CVMIX | |
| Calvert US Large-Cap Growth Responsible Index Fund | 0.26 | 0.18 | 0.15 | 53 | Large Cap Growth Equities | CLDAX vs CGJIX | |
| Calvert US Large-Cap Core Responsible Index Fund | 0.27 | 0.21 | 0.15 | 70 | Large Cap Blend Equities | CLDAX vs CISIX | |
| Calvert US Large-Cap Value Responsible Index Fund | 0.29 | 0.22 | 0.14 | 69 | Large Cap Value Equities | CLDAX vs CFJIX | |
| Calvert Global Energy Solutions Fund | 0.30 | 0.28 | 0.22 | 89 | Global Equities | CLDAX vs CAEIX |
See all 9 diversifiers for CLDAX
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