Looking to diversify beyond CVTRX? The mutual funds below have historically moved differently from CVTRX, 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 CVTRX
14 mutual funds have low correlation with CVTRX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.31, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.31 | -0.14 | 0.03 | 83 | Diversified Portfolio | CVTRX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.14 | 0.49 | 66 | Diversified Portfolio | CVTRX vs MHELX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.06 | — | — | 99 | Bank Loan | CVTRX vs CAPIX | |
| Calamos Short-Term Bond Fund | 0.25 | 0.16 | 0.17 | 79 | Short-Term Bond | CVTRX vs CSTIX | |
| DWS RREEF Real Assets Fund - Class A | 0.26 | 0.44 | 0.58 | 77 | Diversified Portfolio | CVTRX vs AAAAX |
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