Looking to diversify beyond CRDBX? The mutual funds below have the lowest correlation with CRDBX — 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 CRDBX.
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 0.03, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.03 | 0.13 | 0.10 | 75 | Tactical Allocation | CRDBX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.28 | 0.38 | 0.32 | 80 | Tactical Allocation | CRDBX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.28 | 0.21 | 0.17 | 89 | Tactical Allocation | CRDBX vs HSTRX | |
| AQR Diversifying Strategies Fund Class N | 0.28 | 0.23 | 0.10 | 88 | Tactical Allocation | CRDBX vs QDSNX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.29 | 0.12 | 0.10 | 53 | Short-Term Bond | CRDBX vs SDMZX |
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