Looking to diversify beyond CCCMX? The mutual funds below have the lowest correlation with CCCMX — 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 CCCMX.
Best Diversifiers for CCCMX
12 mutual funds have low correlation with CCCMX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.19 | 0.24 | 96 | Municipal Bonds | CCCMX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.23 | 0.27 | 95 | Municipal Bonds | CCCMX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.08 | 0.11 | 0.09 | 98 | Municipal Bonds | CCCMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.10 | 0.12 | 0.12 | 99 | Municipal Bonds | CCCMX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.28 | 0.35 | 99 | Municipal Bonds | CCCMX vs DFSMX |
See all 22 diversifiers for CCCMX
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