Looking to diversify beyond CBLAX? The mutual funds below have the lowest correlation with CBLAX — 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 CBLAX.
Best Diversifiers for CBLAX
7 mutual funds have low correlation with CBLAX (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 0.04, 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 | 0.04 | 0.15 | 0.47 | 67 | Diversified Portfolio | CBLAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.48 | 0.55 | 82 | Diversified Portfolio | CBLAX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.26 | 0.48 | 0.55 | 88 | Diversified Portfolio | CBLAX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.47 | 0.54 | 88 | Diversified Portfolio | CBLAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.48 | 0.55 | 86 | Diversified Portfolio | CBLAX vs FSIRX |
See all 29 diversifiers for CBLAX
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