Looking to diversify beyond CXGCX? The mutual funds below have historically moved differently from CXGCX, 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 CXGCX
1 mutual funds have low correlation with CXGCX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.28 | 0.11 | 0.22 | 75 | Convertible Bonds | CXGCX vs LEOOX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.43 | 0.46 | 0.64 | 98 | CXGCX vs CMNIX | ||
| Calamos High Income Opportunities Fund | 0.58 | 0.57 | 0.63 | 90 | High Yield Bonds | CXGCX vs CHYDX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 0.65 | 0.44 | 0.51 | 100 | Multistrategy, Convertible Bonds | CXGCX vs ARBIX | |
| Miller Convertible Bond Fund | 0.66 | 0.74 | 0.77 | 92 | Convertible Bonds | CXGCX vs MCIFX |
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