Looking to diversify beyond CUSDX? The mutual funds below have the lowest correlation with CUSDX — 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 CUSDX.
Best Diversifiers for CUSDX
29 mutual funds have low correlation with CUSDX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Series Treasury Bill Index Fund (FHQFX) (Ultrashort Bond) with a 1Y correlation of -0.02, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Series Treasury Bill Index Fund | -0.02 | -0.01 | 0.11 | 100 | Ultrashort Bond | CUSDX vs FHQFX | |
| PIMCO Short Term Fund | -0.02 | -0.07 | 0.04 | 99 | Ultrashort Bond | CUSDX vs PTSHX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.00 | 0.04 | 0.06 | 100 | Ultrashort Bond | CUSDX vs MUIIX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.03 | 0.03 | 0.07 | 99 | Ultrashort Bond | CUSDX vs UGSDX | |
| PIMCO Short Asset Investment Fund | 0.03 | 0.07 | 0.11 | 100 | Ultrashort Bond | CUSDX vs PAIPX |
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