Looking to diversify beyond CABNX? The mutual funds below have historically moved differently from CABNX, 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 CABNX
0 mutual funds have low correlation with CABNX (below 0.3), 0 of which are negatively correlated. The least correlated is Donoghue Forlines Dividend Fund (PWDIX) (Tactical Allocation) with a 1Y correlation of 0.40, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Donoghue Forlines Dividend Fund | 0.40 | 0.58 | 0.65 | 91 | Tactical Allocation | CABNX vs PWDIX | |
| AB Municipal Income Shares | 0.42 | 0.41 | 0.35 | 81 | High Yield Muni | CABNX vs MISHX | |
| Arrow Managed Futures Stragegy Fund | 0.49 | 0.29 | 0.13 | 64 | Systematic Trend | CABNX vs MFTFX | |
| Hartford Real Asset Fund | 0.50 | 0.62 | 0.73 | 97 | Global Allocation | CABNX vs HRLYX | |
| Quantified Evolution Plus Fund | 0.52 | 0.58 | 0.44 | 84 | Tactical Allocation | CABNX vs QEVOX |
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