Looking to diversify beyond CCCNX? The mutual funds below have historically moved differently from CCCNX, 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 CCCNX
4 mutual funds have low correlation with CCCNX (below 0.3), 0 of which are negatively correlated. The least correlated is U.S. Global Investors Global Resources Fund (PSPFX) (Energy Equities) with a 1Y correlation of 0.14, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| U.S. Global Investors Global Resources Fund | 0.14 | 0.38 | 0.56 | 53 | Energy Equities | CCCNX vs PSPFX | |
| Victory Global Energy Transition Fund | 0.23 | 0.45 | 0.60 | 96 | Energy Equities | CCCNX vs RSNRX | |
| Victory Global Energy Transition Fund Class Y | 0.23 | 0.45 | 0.60 | 96 | Energy Equities | CCCNX vs RSNYX | |
| Delaware Ivy Energy Fund | 0.24 | 0.45 | 0.65 | 91 | Energy Equities | CCCNX vs IEYYX | |
| Goehring & Rozencwajg Resources Fund | 0.30 | 0.50 | 0.66 | 55 | Energy Equities | CCCNX vs GRHIX |
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