Looking to diversify beyond CBLDX? The mutual funds below have the lowest correlation with CBLDX — 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 CBLDX.
Best Diversifiers for CBLDX
57 mutual funds have low correlation with CBLDX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.05 | 0.06 | 0.05 | 91 | Bank Loan | CBLDX vs XPTFX | |
| Symmetry Panoramic Alternatives Fund | -0.02 | -0.00 | 0.00 | 98 | Multistrategy | CBLDX vs SPATX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.08 | 0.13 | 0.12 | 99 | Short-Term Bond | CBLDX vs DHEAX | |
| Nationwide Strategic Income A | 0.09 | 0.11 | 0.16 | 99 | Multisector Bonds | CBLDX vs NWXEX | |
| Doubleline Selective Credit Fund | 0.10 | 0.19 | 0.16 | 96 | Multisector Bonds | CBLDX vs DBSCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBLDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBLDX and solid risk/return profiles. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
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