Looking to diversify beyond CAAMX? The mutual funds below have the lowest correlation with CAAMX — 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 CAAMX.
Best Diversifiers for CAAMX
2 mutual funds have low correlation with CAAMX (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 -0.15, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.02 | 0.12 | 60 | Diversified Portfolio | CAAMX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.14 | 0.45 | 67 | Diversified Portfolio | CAAMX vs MHELX | |
| Concorde Wealth Management Fund | 0.41 | 0.58 | 0.66 | 73 | Diversified Portfolio | CAAMX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.60 | 0.63 | 91 | Diversified Portfolio | CAAMX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.60 | 0.63 | 86 | Diversified Portfolio | CAAMX vs FCSRX |
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