Looking to diversify beyond CSDIX? The mutual funds below have historically moved differently from CSDIX, 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 CSDIX
5 mutual funds have low correlation with CSDIX (below 0.3), 1 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.19, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.19 | -0.12 | -0.12 | 99 | REIT | CSDIX vs QREARX | |
| Redwood Real Estate Income Fund | 0.05 | — | — | 100 | REIT | CSDIX vs CREMX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.17 | 0.29 | 0.32 | 77 | Preferred Stock | CSDIX vs PISHX | |
| Cohen & Steers Preferred Securities and Income Fun... | 0.21 | 0.34 | 0.38 | 73 | Preferred Stock | CSDIX vs CPXIX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.27 | 0.31 | 0.32 | 76 | Preferred Stock | CSDIX vs LPXZX |
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