Looking to diversify beyond CBFAX? The mutual funds below have the lowest correlation with CBFAX — 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 CBFAX.
Best Diversifiers for CBFAX
1 mutual funds have low correlation with CBFAX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.24, up from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.06 | -0.08 | 85 | Global Allocation | CBFAX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.44 | 0.43 | 0.66 | 57 | Global Allocation | CBFAX vs MHESX | |
| Hartford Real Asset Fund | 0.46 | 0.60 | 0.69 | 88 | Global Allocation | CBFAX vs HRLYX | |
| Lazard Real Assets Portfolio | 0.50 | 0.63 | 0.70 | 59 | Global Allocation | CBFAX vs RALIX | |
| Allspring Absolute Return Fund | 0.50 | 0.65 | 0.63 | 91 | Global Allocation | CBFAX vs WARAX |
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