Looking to diversify beyond CBLSX? The mutual funds below have the lowest correlation with CBLSX — 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 CBLSX.
Best Diversifiers for CBLSX
1 mutual funds have low correlation with CBLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.18 | 0.14 | 0.15 | 98 | Ultrashort Bond | CBLSX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.36 | 0.19 | 0.15 | 81 | Short-Term Bond | CBLSX vs SSHIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.47 | 0.61 | 0.72 | 78 | Large Cap Value Equities | CBLSX vs SVAIX | |
| Allspring Diversified Capital Builder Fund | 0.59 | 0.65 | 0.74 | 95 | Diversified Portfolio | CBLSX vs EKBAX | |
| Hennessy Cornerstone Value Fund | 0.65 | 0.78 | 0.82 | 81 | Large Cap Value Equities | CBLSX vs HFCVX |
See all 28 diversifiers for CBLSX
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