Looking to diversify beyond CREDX? The mutual funds below have the lowest correlation with CREDX — 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 CREDX.
Best Diversifiers for CREDX
7 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 -0.15, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.15 | -0.07 | 0.03 | 84 | Bank Loan | CREDX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.04 | — | — | 98 | Bank Loan | CREDX vs CAPIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.07 | 0.05 | 0.03 | 95 | Long-Short | CREDX vs BDMIX | |
| RiverPark Floating Rate CMBS Fund | 0.11 | 0.15 | 0.20 | 100 | Bank Loan | CREDX vs RCRIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.15 | 0.03 | -0.14 | 60 | Systematic Trend | CREDX vs ASFYX |
See all 28 diversifiers for CREDX
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