Looking to diversify beyond CWBFX? The mutual funds below have historically moved differently from CWBFX, 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 CWBFX
1 mutual funds have low correlation with CWBFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.25, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.25 | 0.10 | 0.35 | 100 | Global Bonds | CWBFX vs DFGFX | |
| American Funds The New Economy Fund Class A | 0.40 | 0.24 | 0.27 | 72 | Global Equities, Actively Managed | CWBFX vs ANEFX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.43 | 0.22 | 0.20 | 98 | Emerging Markets Bonds | CWBFX vs EELDX | |
| Schwab S&P 500 Index Fund | 0.44 | 0.26 | 0.27 | 63 | Large Cap Blend Equities, S&P 500 | CWBFX vs SWPPX | |
| American Funds American Mutual Fund Class A | 0.45 | 0.32 | 0.30 | 63 | Large Cap Blend Equities | CWBFX vs AMRMX |
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