Looking to diversify beyond CWVGX? The mutual funds below have historically moved differently from CWVGX, 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 CWVGX
1 mutual funds have low correlation with CWVGX (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 0.11, roughly unchanged from 0.17 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 | 0.11 | 0.09 | 0.17 | 99 | Ultrashort Bond | CWVGX vs CULAX | |
| Kopernik International Fund | 0.47 | 0.43 | 0.54 | 66 | Foreign Large Cap Equities | CWVGX vs KGIIX | |
| Federated Hermes International Strategic Value Div... | 0.48 | 0.57 | 0.67 | 88 | Foreign Large Cap Equities | CWVGX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.55 | 0.57 | 0.60 | 95 | Foreign Large Cap Equities | CWVGX vs PTSIX | |
| SA International Value Fund | 0.57 | 0.60 | 0.66 | 96 | Foreign Large Cap Equities | CWVGX vs SAHMX |
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