Looking to diversify beyond CVMIX? The mutual funds below have the lowest correlation with CVMIX — 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 CVMIX.
Best Diversifiers for CVMIX
5 mutual funds have low correlation with CVMIX (below 0.3), 1 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (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 |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | -0.02 | -0.01 | 0.11 | 98 | Ultrashort Bond | CVMIX vs CULAX | |
| Calvert Floating-Rate Advantage Fund | 0.11 | 0.18 | 0.26 | 67 | Bank Loan | CVMIX vs CFOIX | |
| Calvert Short Duration Income Fund Class R6 | 0.16 | 0.10 | 0.14 | 66 | Short-Term Bond | CVMIX vs CDSRX | |
| Calvert Responsible Municipal Income Fund | 0.18 | 0.13 | 0.13 | 72 | Municipal Bonds | CVMIX vs CTTLX | |
| Calvert Short Duration Income Fund | 0.21 | 0.13 | 0.17 | 60 | Short-Term Bond | CVMIX vs CSDAX |
See all 41 diversifiers for CVMIX
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Diversification Analysis
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