Looking to diversify beyond CWFIX? The mutual funds below have the lowest correlation with CWFIX — 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 CWFIX.
Best Diversifiers for CWFIX
9 mutual funds have low correlation with CWFIX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.05, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.05 | -0.02 | 0.00 | 100 | High Yield Bonds | CWFIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.06 | 0.11 | 0.12 | 100 | High Yield Bonds | CWFIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.16 | 0.21 | 0.26 | 99 | High Yield Bonds | CWFIX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.17 | 0.54 | 0.67 | 52 | High Yield Bonds | CWFIX vs RCRYX | |
| Northeast Investors Trust | 0.24 | 0.32 | 0.38 | 80 | High Yield Bonds | CWFIX vs NTHEX |
See all 160 diversifiers for CWFIX
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Diversification Analysis
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