Looking to diversify beyond CSAIX? The mutual funds below have historically moved differently from CSAIX, 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 CSAIX
1 mutual funds have low correlation with CSAIX (below 0.3), 0 of which are negatively correlated. The least correlated is Credit Suisse Floating Rate High Income Fund (CHIAX) (Bank Loan) with a 1Y correlation of 0.06, up from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Credit Suisse Floating Rate High Income Fund | 0.06 | -0.00 | -0.07 | 60 | Bank Loan | CSAIX vs CHIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.30 | 0.23 | 0.19 | 90 | Multistrategy, Systematic Trend, Global Equities | CSAIX vs MBXIX | |
| Guggenheim Managed Futures Strategy Fund | 0.55 | 0.51 | 0.55 | 56 | Systematic Trend | CSAIX vs RYMTX | |
| AQR Trend Total Return Fund | 0.60 | 0.38 | — | 91 | Systematic Trend | CSAIX vs QNZNX | |
| Standpoint Multi-Asset Fund Investor Class | 0.62 | 0.52 | 0.43 | 83 | Diversified Portfolio | CSAIX vs REMIX |
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