Looking to diversify beyond CSHZX? The mutual funds below have the lowest correlation with CSHZX — 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 CSHZX.
Best Diversifiers for CSHZX
11 mutual funds have low correlation with CSHZX (below 0.3), 3 of which are negatively correlated. The least correlated is MainStay MacKay Short Term Municipal Fund (MSTIX) (Municipal Bonds) with a 1Y correlation of -0.10, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay MacKay Short Term Municipal Fund | -0.10 | 0.03 | 0.01 | 79 | Municipal Bonds | CSHZX vs MSTIX | |
| MainStay Floating Rate Fund | -0.06 | 0.09 | 0.17 | 64 | Bank Loan | CSHZX vs MXFIX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | -0.02 | 0.29 | 0.37 | 83 | High Yield Bonds | CSHZX vs MHCAX | |
| NYLI S&P 500 Index Class A | 0.01 | 0.31 | 0.45 | 63 | S&P 500 | CSHZX vs MSXAX | |
| MainStay S&P 500 Index Fund | 0.01 | 0.31 | 0.45 | 65 | Large Cap Blend Equities | CSHZX vs MSPIX |
See all 23 diversifiers for CSHZX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CSHZX
Add CSHZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CSHZX