Looking to diversify beyond CSUAX? The mutual funds below have historically moved differently from CSUAX, 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 CSUAX
53 mutual funds have low correlation with CSUAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The New Economy Fund Class R-3 (RNGCX) (Global Equities) with a 1Y correlation of 0.04, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The New Economy Fund Class R-3 | 0.04 | 0.22 | 0.40 | 65 | Global Equities | CSUAX vs RNGCX | |
| American Funds The New Economy Fund Class A | 0.04 | 0.22 | 0.40 | 69 | Global Equities, Actively Managed | CSUAX vs ANEFX | |
| American Funds The New Economy Fund® Class F-2 | 0.04 | 0.22 | 0.40 | 69 | Global Equities | CSUAX vs NEFFX | |
| Fidelity Climate Action Fund | 0.16 | 0.32 | 0.50 | 64 | Global Equities | CSUAX vs FCAUX | |
| Eaton Vance Tax-Advantaged Global Dividend Opportu... | 0.16 | 0.34 | 0.47 | 59 | Global Equities | CSUAX vs ETO |
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