Looking to diversify beyond CAAPX? The mutual funds below have historically moved differently from CAAPX, 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 CAAPX
0 mutual funds have low correlation with CAAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Ariel International Fund (AINTX) (Foreign Large Cap Equities) with a 1Y correlation of 0.50, roughly unchanged from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ariel International Fund | 0.50 | 0.53 | 0.59 | 63 | Foreign Large Cap Equities | CAAPX vs AINTX | |
| Ariel Global Fund | 0.58 | 0.67 | 0.71 | 85 | Global Equities | CAAPX vs AGLOX | |
| Invesco Value Opportunities Fund Class Y | 0.68 | 0.78 | 0.84 | 74 | Mid Cap Value Equities | CAAPX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.68 | 0.78 | 0.84 | 74 | Mid Cap Value Equities | CAAPX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.70 | 0.78 | 0.84 | 72 | Mid Cap Value Equities | CAAPX vs UMCVX |
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