Looking to diversify beyond CRDOX? The mutual funds below have the lowest correlation with CRDOX — 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 CRDOX.
Best Diversifiers for CRDOX
7 mutual funds have low correlation with CRDOX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.04 | 0.02 | 0.04 | 100 | High Yield Bonds | CRDOX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.15 | 0.15 | 100 | High Yield Bonds | CRDOX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.18 | 0.25 | 99 | High Yield Bonds | CRDOX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.22 | 0.59 | 0.71 | 52 | High Yield Bonds | CRDOX vs RCRYX | |
| Six Circles Ultra Short Duration Fund | 0.23 | 0.25 | 0.23 | 99 | Ultrashort Bond | CRDOX vs CUSDX |
See all 160 diversifiers for CRDOX
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