Looking to diversify beyond CBYYX? The mutual funds below have historically moved differently from CBYYX, 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 CBYYX
120 mutual funds have low correlation with CBYYX (below 0.3), 40 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Regan Total Return Income Fund | -0.11 | — | — | 87 | Nontraditional Bonds | CBYYX vs RCTRX | |
| JPMorgan Emerging Markets Debt Fund | -0.09 | — | — | 68 | Emerging Markets Bonds | CBYYX vs JEMDX | |
| Goldman Sachs Strategic Income Fund | -0.08 | — | — | 86 | Nontraditional Bonds | CBYYX vs GZIRX | |
| Spectrum Low Volatility Fund | -0.08 | — | — | 63 | Nontraditional Bonds | CBYYX vs SVARX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -0.05 | — | — | 98 | Nontraditional Bonds | CBYYX vs EGRIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CBYYX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | -0.06 | — | — | 79 | Real Estate | |
| Annaly Capital Management, Inc. | -0.05 | — | — | 80 | Real Estate |
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