Looking to diversify beyond CCALX? The mutual funds below have historically moved differently from CCALX, 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 CCALX
0 mutual funds have low correlation with CCALX (below 0.3), 0 of which are negatively correlated. The least correlated is Driehaus Micro Cap Growth Fund (DMCRX) (Small Cap Growth Equities) with a 1Y correlation of 0.59, down from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Driehaus Micro Cap Growth Fund | 0.59 | 0.73 | 0.79 | 77 | Small Cap Growth Equities | CCALX vs DMCRX | |
| Oberweis Micro Cap Fund | 0.63 | 0.77 | 0.81 | 73 | Small Cap Growth Equities | CCALX vs OBMCX | |
| Hood River Small-Cap Growth Fund | 0.66 | 0.78 | 0.83 | 63 | Small Cap Growth Equities | CCALX vs HRSMX | |
| Needham Aggressive Growth Fund Retail Class | 0.66 | 0.74 | 0.78 | 53 | Small Cap Growth Equities | CCALX vs NEAGX | |
| Needham Aggressive Growth Fund Institutional Class | 0.66 | 0.74 | 0.78 | 53 | Small Cap Growth Equities | CCALX vs NEAIX |
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