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
2 mutual funds have low correlation with CAAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.51 | 70 | Diversified Portfolio | CAAAX vs MHELX | |
| Calvert Ultra-Short Duration Income Fund | 0.06 | 0.10 | 0.17 | 98 | Ultrashort Bond | CAAAX vs CULAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.60 | 82 | Diversified Portfolio | CAAAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.60 | 86 | Diversified Portfolio | CAAAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.60 | 88 | Diversified Portfolio | CAAAX vs FIQDX |
See all 33 diversifiers for CAAAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CAAAX
Add CAAAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAAAX