Looking to diversify beyond CBLDX? The mutual funds below have historically moved differently from CBLDX, 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 CBLDX
53 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 -0.08, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | 0.05 | 0.04 | 93 | Bank Loan | CBLDX vs XPTFX | |
| Symmetry Panoramic Alternatives Fund | -0.00 | 0.01 | 0.01 | 98 | Multistrategy | CBLDX vs SPATX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.05 | 0.13 | 0.12 | 99 | Short-Term Bond | CBLDX vs DHEAX | |
| Nationwide Strategic Income A | 0.07 | 0.10 | 0.15 | 99 | Multisector Bonds | CBLDX vs NWXEX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.08 | 0.12 | 0.14 | 80 | Global Equities, Low Volatility | CBLDX vs VMVFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CBLDX, 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 MPLX LP (MPLX) (Energy) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
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