Looking to diversify beyond CBAIX? The mutual funds below have the lowest correlation with CBAIX — 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 CBAIX.
Best Diversifiers for CBAIX
6 mutual funds have low correlation with CBAIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.17 | 0.47 | 64 | Diversified Portfolio | CBAIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.43 | 0.52 | 96 | Diversified Portfolio | CBAIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.43 | 0.52 | 95 | Diversified Portfolio | CBAIX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.23 | 0.44 | 0.52 | 96 | Diversified Portfolio | CBAIX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.43 | 0.52 | 96 | Diversified Portfolio | CBAIX vs FIQDX |
See all 20 diversifiers for CBAIX
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Diversification Analysis
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