Looking to diversify beyond CWBFX? The mutual funds below have the lowest correlation with CWBFX — 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 CWBFX.
Best Diversifiers for CWBFX
0 mutual funds have low correlation with CWBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) (Emerging Markets Bonds) with a 1Y correlation of 0.32, up from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.32 | 0.19 | 0.19 | 97 | Emerging Markets Bonds | CWBFX vs EELDX | |
| American Funds The New Economy Fund | 0.37 | 0.24 | 0.26 | 88 | Global Equities | CWBFX vs ANEFX | |
| Schwab S&P 500 Index Fund | 0.37 | 0.25 | 0.25 | 73 | Large Cap Blend Equities, S&P 500 | CWBFX vs SWPPX | |
| American Funds Fundamental Investors Class A | 0.39 | 0.28 | 0.28 | 75 | Large Cap Blend Equities | CWBFX vs ANCFX | |
| American Funds Investment Company of America Class... | 0.39 | 0.27 | 0.27 | 55 | Large Cap Blend Equities | CWBFX vs AIVSX |
See all 18 diversifiers for CWBFX
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