Looking to diversify beyond CXHYX? The mutual funds below have historically moved differently from CXHYX, 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 CXHYX
13 mutual funds have low correlation with CXHYX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Ivy Natural Resources Fund (IGNAX) (Energy Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Ivy Natural Resources Fund | 0.06 | 0.06 | 0.03 | 87 | Energy Equities | CXHYX vs IGNAX | |
| Delaware Growth and Income Fund | 0.16 | 0.14 | 0.08 | 98 | Large Cap Value Equities | CXHYX vs FGINX | |
| Delaware Small Cap Value Fund | 0.22 | 0.14 | 0.09 | 78 | Small Cap Value Equities | CXHYX vs DEVLX | |
| Delaware Ivy Smid Cap Core Fund | 0.23 | 0.15 | 0.10 | 67 | Small Cap Blend Equities | CXHYX vs IYSAX | |
| Delaware Growth Equity Fund | 0.23 | 0.14 | 0.11 | 62 | Large Cap Growth Equities | CXHYX vs FICGX |
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