Looking to diversify beyond CBFSX? The mutual funds below have the lowest correlation with CBFSX — 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 CBFSX.
Best Diversifiers for CBFSX
1 mutual funds have low correlation with CBFSX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.05 | 0.02 | 0.03 | 99 | Government Bonds | CBFSX vs GUSTX | |
| Fidelity Emerging Markets | 0.33 | 0.22 | 0.17 | 81 | Emerging Markets Equities | CBFSX vs FEMKX | |
| JPMorgan Equity Income Fund R6 | 0.39 | 0.27 | 0.18 | 77 | Large Cap Value Equities, Dividend | CBFSX vs OIEJX | |
| DFA U.S. Small Cap Portfolio | 0.43 | 0.31 | 0.19 | 58 | Small Cap Blend Equities | CBFSX vs DFSTX | |
| Miller Intermediate Bond Fund | 0.48 | 0.35 | 0.27 | 91 | Corporate Bonds | CBFSX vs MIFIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBFSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBFSX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.28 | -0.07 | -0.09 | 68 | Energy | |
| Walmart Inc. | 0.02 | 0.08 | 0.10 | 69 | Consumer Defensive | |
| Palo Alto Networks, Inc. | 0.13 | 0.10 | 0.12 | 69 | Technology | |
| Tesla, Inc. | 0.19 | 0.15 | 0.11 | 59 | Consumer Cyclical | |
| Amazon.com, Inc | 0.24 | 0.15 | 0.16 | 52 | Consumer Cyclical |
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