Looking to diversify beyond CCIF? The mutual funds below have the lowest correlation with CCIF — 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 CCIF.
Best Diversifiers for CCIF
2 mutual funds have low correlation with CCIF (below 0.3), 1 of which are negatively correlated. The least correlated is Loomis Sayles Securitized Asset Fund (LSSAX) (Intermediate Core Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Loomis Sayles Securitized Asset Fund | -0.01 | 0.04 | 0.07 | 65 | Intermediate Core Bond | CCIF vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.02 | 0.06 | 0.08 | 55 | Intermediate Core Bond | CCIF vs PCGTX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCIF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCIF and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of -0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | -0.00 | 0.09 | 0.11 | 64 | Real Estate | |
| Tesla, Inc. | 0.06 | 0.15 | 0.15 | 55 | Consumer Cyclical | |
| BlackRock Science and Technology Trust II | 0.10 | 0.16 | 0.16 | 95 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.12 | 0.16 | 0.17 | 79 | Financial Services | |
| Ellington Financial Inc. | 0.13 | 0.17 | 0.18 | 69 | Real Estate |
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