Looking to diversify beyond CROVX? The mutual funds below have historically moved differently from CROVX, 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 CROVX
6 mutual funds have low correlation with CROVX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.02 | 0.07 | — | 84 | Short-Term Bond | CROVX vs LCCMX | |
| Evolve Premium Cash Management ETF | 0.03 | — | — | 100 | Short-Term Bond | CROVX vs MCAD.TO | |
| GuidePath Absolute Return Allocation Fund | 0.17 | 0.61 | — | 69 | Short-Term Bond | CROVX vs GPARX | |
| Vanguard Short-Term Investment-Grade Fund Investor... | 0.17 | 0.14 | — | 76 | Short-Term Bond | CROVX vs VSMIX | |
| DFA Two-Year Fixed Income Portfolio | 0.21 | 0.07 | 0.35 | 100 | Short-Term Bond | CROVX vs DFCFX |
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