Looking to diversify beyond COIIX? The mutual funds below have the lowest correlation with COIIX — 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 COIIX.
Best Diversifiers for COIIX
1 mutual funds have low correlation with COIIX (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 0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.09 | 0.15 | 0.22 | 98 | Ultrashort Bond | COIIX vs CULAX | |
| Kopernik Global All-Cap Fund Class A | 0.60 | 0.54 | 0.61 | 80 | Foreign Small & Mid Cap Equities | COIIX vs KGGAX | |
| Kopernik Global All-Cap Fund | 0.60 | 0.54 | 0.61 | 80 | Foreign Small & Mid Cap Equities | COIIX vs KGGIX | |
| Calvert US Large-Cap Value Responsible Index Fund | 0.61 | 0.64 | 0.70 | 69 | Large Cap Value Equities | COIIX vs CFJIX | |
| Calvert Emerging Markets Equity Fund | 0.63 | 0.66 | 0.68 | 90 | Emerging Markets Diversified | COIIX vs CVMIX |
See all 18 diversifiers for COIIX
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