Looking to diversify beyond CBFSX? The mutual funds below have historically moved differently from CBFSX, 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 CBFSX
1 mutual funds have low correlation with CBFSX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.00 | 0.02 | 0.03 | 99 | Government Bonds | CBFSX vs GUSTX | |
| Fidelity Emerging Markets Fund | 0.32 | 0.21 | 0.18 | 52 | Emerging Markets Equities | CBFSX vs FEMKX | |
| JPMorgan Equity Income Fund R6 | 0.36 | 0.26 | 0.19 | 89 | Large Cap Value Equities, Dividend | CBFSX vs OIEJX | |
| DFA U.S. Small Cap Portfolio | 0.44 | 0.31 | 0.21 | 74 | Small Cap Blend Equities | CBFSX vs DFSTX | |
| Miller Intermediate Bond Fund | 0.47 | 0.35 | 0.29 | 95 | Corporate Bonds | CBFSX vs MIFIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CBFSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.33, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.33 | -0.09 | -0.09 | 84 | Energy | |
| Walmart Inc. | 0.05 | 0.09 | 0.10 | 62 | Consumer Defensive | |
| Palo Alto Networks, Inc. | 0.17 | 0.11 | 0.12 | 88 | Technology | |
| Amazon.com, Inc | 0.27 | 0.13 | 0.14 | 60 | Consumer Cyclical | |
| The Goldman Sachs Group, Inc. | 0.32 | 0.23 | 0.16 | 81 | Financial Services |
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