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Calvert International Equity Fund (CWVGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests at least 80% of its net assets, including borrowings for investment purposes, in equity securities of foreign companies (common and preferred stock and the depositary receipts on such stock). The managers define non-U.S. large-cap companies as those whose market capitalization falls within the range of the Morgan Stanley Capital International ("MSCI") Europe, Australasia and Far East ("EAFE") Index at the time of investment.

Looking to diversify beyond CWVGX? The mutual funds below have the lowest correlation with CWVGX — 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 CWVGX.

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 0.02, down from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CULAX
Calvert Ultra-Short Duration Income Fund0.020.080.16
98
Ultrashort BondCWVGX vs CULAX
KGIIX
Kopernik International Fund0.510.440.56
81
Foreign Large Cap EquitiesCWVGX vs KGIIX
SAHMX
SA International Value Fund0.580.610.67
87
Foreign Large Cap EquitiesCWVGX vs SAHMX
EPDPX
EuroPac International Dividend Income Fund Class A0.580.630.67
87
Foreign Large Cap Equities, DividendCWVGX vs EPDPX
EPDIX
EuroPac International Dividend Income Fund0.580.630.67
87
Foreign Large Cap EquitiesCWVGX vs EPDIX
See all 22 diversifiers for CWVGX

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