Looking to diversify beyond CAIFX? The mutual funds below have the lowest correlation with CAIFX — 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 CAIFX.
Best Diversifiers for CAIFX
0 mutual funds have low correlation with CAIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.53, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.53 | 0.63 | 0.74 | 68 | Dividend | CAIFX vs SVAAX | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 0.64 | 0.69 | 0.80 | 88 | Dividend | CAIFX vs FDGDX | |
| EuroPac International Dividend Income Fund Class A | 0.68 | 0.68 | 0.73 | 87 | Foreign Large Cap Equities, Dividend | CAIFX vs EPDPX | |
| Pioneer Multi-Asset Income Fund A | 0.69 | 0.68 | 0.71 | 89 | Diversified Portfolio, Dividend | CAIFX vs PMAIX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.73 | 0.76 | 0.80 | 75 | Dividend | CAIFX vs GSPAX |
See all 18 diversifiers for CAIFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CAIFX
Add CAIFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAIFX