Looking to diversify beyond CMJAX? The mutual funds below have the lowest correlation with CMJAX — 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 CMJAX.
Best Diversifiers for CMJAX
1 mutual funds have low correlation with CMJAX (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 0.03, down 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 | 0.03 | 0.10 | 0.15 | 98 | Ultrashort Bond | CMJAX vs CULAX | |
| Calvert Emerging Markets Equity Fund | 0.55 | 0.58 | 0.60 | 90 | Emerging Markets Diversified | CMJAX vs CVMIX | |
| Fidelity US Sustainability Index Fund | 0.72 | 0.77 | 0.85 | 57 | Large Cap Blend Equities | CMJAX vs FITLX | |
| Tarkio Fund | 0.74 | 0.81 | 0.86 | 68 | Mid Cap Blend Equities | CMJAX vs TARKX | |
| Calvert International Responsible Index Fund | 0.74 | 0.76 | 0.80 | 58 | Foreign Large Cap Equities | CMJAX vs CDHIX |
See all 22 diversifiers for CMJAX
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