Looking to diversify beyond CAPTX? The mutual funds below have historically moved differently from CAPTX, 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 CAPTX
1 mutual funds have low correlation with CAPTX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.06, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.06 | 0.24 | 0.17 | 85 | Tactical Allocation | CAPTX vs PBAIX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.39 | 0.23 | 0.38 | 72 | Tactical Allocation | CAPTX vs TTIFX | |
| Donoghue Forlines Dividend Fund | 0.39 | 0.53 | 0.65 | 91 | Tactical Allocation | CAPTX vs PWDIX | |
| Hussman Strategic Total Return Fund | 0.39 | 0.30 | 0.37 | 95 | Tactical Allocation | CAPTX vs HSTRX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 0.43 | 0.40 | 0.45 | 94 | Tactical Allocation | CAPTX vs SIOAX |
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