Looking to diversify beyond CBAAX? The mutual funds below have the lowest correlation with CBAAX — 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 CBAAX.
Best Diversifiers for CBAAX
2 mutual funds have low correlation with CBAAX (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 -0.14, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.14 | 0.03 | 0.16 | 60 | Diversified Portfolio | CBAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.49 | 67 | Diversified Portfolio | CBAAX vs MHELX | |
| Concorde Wealth Management Fund | 0.43 | 0.62 | 0.73 | 73 | Diversified Portfolio | CBAAX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.58 | 0.65 | 91 | Diversified Portfolio | CBAAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.59 | 0.65 | 86 | Diversified Portfolio | CBAAX vs FCSRX |
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