Looking to diversify beyond CCASX? The mutual funds below have the lowest correlation with CCASX — 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 CCASX.
Best Diversifiers for CCASX
2 mutual funds have low correlation with CCASX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.18, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.18 | 0.01 | 0.08 | 74 | Commodities | CCASX vs PCLAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.16 | 0.20 | 0.12 | 97 | Nontraditional Bonds | CCASX vs EGRIX | |
| DFA Emerging Markets Portfolio | 0.41 | 0.48 | 0.51 | 93 | Emerging Markets Diversified | CCASX vs DFEMX | |
| Causeway International Small Cap Fund | 0.43 | 0.49 | 0.54 | 60 | Foreign Small & Mid Cap Equities | CCASX vs CVISX | |
| Goldman Sachs Emerging Markets Equity Fund | 0.43 | 0.48 | 0.52 | 89 | Emerging Markets Diversified | CCASX vs GEMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCASX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCASX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.05 | 0.12 | 0.18 | 76 | Energy |
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