Looking to diversify beyond CULAX? The mutual funds below have historically moved differently from CULAX, 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 CULAX
24 mutual funds have low correlation with CULAX (below 0.3), 3 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.09, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.09 | 0.09 | 0.21 | 100 | Ultrashort Bond | CULAX vs ENIAX | |
| T. Rowe Price Ultra Short-Term Bond Fund | -0.04 | 0.20 | 0.27 | 98 | Ultrashort Bond | CULAX vs TRBUX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.21 | 0.29 | 99 | Ultrashort Bond | CULAX vs TRSTX | |
| CrossingBridge Ultra-Short Duration Fund | 0.02 | 0.07 | 0.11 | 99 | Ultrashort Bond | CULAX vs CBUDX | |
| DFA One Year Fixed Income Portfolio | 0.04 | 0.05 | 0.19 | 100 | Ultrashort Bond | CULAX vs DFIHX |
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