Looking to diversify beyond CAAAX? The mutual funds below have the lowest correlation with CAAAX — 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 CAAAX.
Best Diversifiers for CAAAX
3 mutual funds have low correlation with CAAAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.01 | 0.10 | 73 | Diversified Portfolio | CAAAX vs SIFAX | |
| Calvert Ultra-Short Duration Income Fund | -0.00 | 0.09 | 0.17 | 98 | Ultrashort Bond | CAAAX vs CULAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.19 | 0.52 | 64 | Diversified Portfolio | CAAAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.55 | 0.60 | 95 | Diversified Portfolio | CAAAX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.34 | 0.55 | 0.61 | 96 | Diversified Portfolio | CAAAX vs FSRRX |
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