PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

American Funds College 2036 Fund (CCFAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The adviser will increasingly emphasize income and preservation of capital by investing a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. The adviser will attempt to achieve the fund's investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories, including growth funds, growth-and-income funds, equity-income funds, balanced funds and fixed income funds.

Looking to diversify beyond CCFAX? The mutual funds below have the lowest correlation with CCFAX — 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 CCFAX.

Best Diversifiers for CCFAX

1 mutual funds have low correlation with CCFAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.52 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.080.190.52
67
Diversified PortfolioCCFAX vs MHELX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.380.550.61
82
Diversified PortfolioCCFAX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.380.540.61
88
Diversified PortfolioCCFAX vs FIQDX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.390.550.61
86
Diversified PortfolioCCFAX vs FSIRX
FSRRX
Fidelity Strategic Real Return Fund0.390.550.61
87
Diversified PortfolioCCFAX vs FSRRX
See all 31 diversifiers for CCFAX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements CCFAX

Add CCFAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CCFAX