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
16 mutual funds have low correlation with CSIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Floating-Rate Advantage Fund (CFOIX) (Bank Loan) with a 1Y correlation of 0.12, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Floating-Rate Advantage Fund | 0.12 | 0.24 | 0.25 | 76 | Bank Loan | CSIEX vs CFOIX | |
| Calvert Ultra-Short Duration Income Fund | 0.13 | 0.12 | 0.16 | 99 | Ultrashort Bond | CSIEX vs CULAX | |
| One Rock Fund | 0.16 | 0.42 | 0.58 | 89 | Large Cap Growth Equities | CSIEX vs ONERX | |
| Calvert Emerging Markets Equity Fund | 0.21 | 0.38 | 0.46 | 80 | Emerging Markets Diversified | CSIEX vs CVMIX | |
| Columbia Global Technology Growth Fund Class A | 0.22 | 0.47 | 0.66 | 61 | Technology Equities, Large Cap Growth Equities | CSIEX vs CTCAX |
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