Looking to diversify beyond CSIEX? The mutual funds below have the lowest correlation with CSIEX — 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 CSIEX.
Best Diversifiers for CSIEX
7 mutual funds have low correlation with CSIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.09 | 0.12 | 0.15 | 99 | Ultrashort Bond | CSIEX vs CULAX | |
| Calvert Floating-Rate Advantage Fund | 0.15 | 0.25 | 0.25 | 67 | Bank Loan | CSIEX vs CFOIX | |
| One Rock Fund | 0.20 | 0.44 | 0.58 | 87 | Large Cap Growth Equities | CSIEX vs ONERX | |
| Calvert Responsible Municipal Income Fund | 0.24 | 0.20 | 0.16 | 73 | Municipal Bonds | CSIEX vs CTTLX | |
| Calvert Emerging Markets Equity Fund | 0.29 | 0.42 | 0.48 | 87 | Emerging Markets Diversified | CSIEX vs CVMIX |
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