Looking to diversify beyond CRFIX? The mutual funds below have the lowest correlation with CRFIX — 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 CRFIX.
Best Diversifiers for CRFIX
4 mutual funds have low correlation with CRFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.04 | 0.07 | — | 98 | Ultrashort Bond | CRFIX vs CULAX | |
| Calvert Floating-Rate Advantage Fund | 0.19 | 0.27 | — | 71 | Bank Loan | CRFIX vs CFOIX | |
| Calvert Short Duration Income Fund Class R6 | 0.22 | 0.14 | — | 71 | Short-Term Bond | CRFIX vs CDSRX | |
| Calvert Short Duration Income Fund | 0.26 | 0.15 | — | 65 | Short-Term Bond | CRFIX vs CSDAX | |
| Calvert Flexible Bond Fund | 0.36 | 0.27 | — | 57 | Nontraditional Bonds | CRFIX vs CUBIX |
See all 43 diversifiers for CRFIX
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Diversification Analysis
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