Looking to diversify beyond CSIFX? The mutual funds below have the lowest correlation with CSIFX — 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 CSIFX.
Best Diversifiers for CSIFX
7 mutual funds have low correlation with CSIFX (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 0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.06 | 0.14 | 0.19 | 99 | Ultrashort Bond | CSIFX vs CULAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.16 | 0.46 | 67 | Diversified Portfolio | CSIFX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.44 | 0.52 | 82 | Diversified Portfolio | CSIFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.43 | 0.52 | 86 | Diversified Portfolio | CSIFX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.26 | 0.44 | 0.52 | 87 | Diversified Portfolio | CSIFX vs FSRRX |
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