Looking to diversify beyond CRDBX? The mutual funds below have historically moved differently from CRDBX, 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 CRDBX
5 mutual funds have low correlation with CRDBX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.06, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.06 | 0.16 | 0.11 | 85 | Tactical Allocation | CRDBX vs PBAIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.12 | 0.36 | 0.36 | 61 | Foreign Large Cap Equities | CRDBX vs GSIMX | |
| Timothy Plan Defensive Strategies Fund Class I | 0.22 | 0.25 | 0.26 | 70 | Tactical Allocation | CRDBX vs TPDIX | |
| Donoghue Forlines Dividend Fund | 0.27 | 0.41 | 0.42 | 91 | Tactical Allocation | CRDBX vs PWDIX | |
| PIMCO All Asset All Authority Fund | 0.30 | 0.25 | 0.27 | 88 | Tactical Allocation | CRDBX vs PAUIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CRDBX
Add CRDBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CRDBX