Looking to diversify beyond CAPAX? The mutual funds below have the lowest correlation with CAPAX — 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 CAPAX.
Best Diversifiers for CAPAX
18 mutual funds have low correlation with CAPAX (below 0.3), 1 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 0.17 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 | 0.03 | 0.17 | 60 | Diversified Portfolio | CAPAX vs SIFAX | |
| Concorde Wealth Management Fund | 0.08 | 0.39 | 0.60 | 73 | Diversified Portfolio | CAPAX vs CONWX | |
| Chartwell Income Fund | 0.14 | 0.46 | 0.61 | 67 | Diversified Portfolio | CAPAX vs BERIX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.14 | 0.44 | 0.56 | 91 | Diversified Portfolio | CAPAX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.15 | 0.43 | 0.56 | 90 | Diversified Portfolio | CAPAX vs FSIRX |
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