Looking to diversify beyond CVMIX? The mutual funds below have historically moved differently from CVMIX, 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 CVMIX
6 mutual funds have low correlation with CVMIX (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 0.05, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.05 | 0.01 | 0.12 | 99 | Ultrashort Bond | CVMIX vs CULAX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.20 | 0.49 | 0.58 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | CVMIX vs GSIYX | |
| Calvert Short Duration Income Fund Class R6 | 0.21 | 0.11 | 0.15 | 67 | Short-Term Bond | CVMIX vs CDSRX | |
| Calvert Short Duration Income Fund | 0.22 | 0.12 | 0.17 | 60 | Short-Term Bond | CVMIX vs CSDAX | |
| Calvert Responsible Municipal Income Fund | 0.22 | 0.13 | 0.14 | 66 | Municipal Bonds | CVMIX vs CTTLX |
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