Looking to diversify beyond CREDX? The mutual funds below have historically moved differently from CREDX, 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 CREDX
6 mutual funds have low correlation with CREDX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.16 | -0.06 | 0.03 | 93 | Bank Loan | CREDX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.04 | — | — | 99 | Bank Loan | CREDX vs CAPIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.11 | 0.05 | 0.03 | 97 | Equity Market Neutral | CREDX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.12 | 0.03 | -0.14 | 66 | Systematic Trend | CREDX vs ASFYX | |
| RiverPark Floating Rate CMBS Fund | 0.16 | 0.16 | 0.21 | 100 | Bank Loan | CREDX vs RCRIX |
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