Looking to diversify beyond CSDAX? The mutual funds below have historically moved differently from CSDAX, 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 CSDAX
6 mutual funds have low correlation with CSDAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.13, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.13 | 0.03 | 0.33 | 100 | Short-Term Bond | CSDAX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.13 | 0.16 | 0.27 | 84 | Short-Term Bond | CSDAX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.16 | 0.55 | 0.64 | 69 | Short-Term Bond | CSDAX vs GPARX | |
| Calvert Emerging Markets Equity Fund | 0.22 | 0.13 | 0.17 | 66 | Emerging Markets Equities | CSDAX vs CVMIX | |
| GuidepathConservative Income Fund | 0.30 | 0.34 | 0.43 | 99 | Short-Term Bond | CSDAX vs GPICX |
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