Looking to diversify beyond CCLAX? The mutual funds below have the lowest correlation with CCLAX — 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 CCLAX.
Best Diversifiers for CCLAX
2 mutual funds have low correlation with CCLAX (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 0.05, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.42 | 70 | Diversified Portfolio | CCLAX vs MHELX | |
| Calvert Ultra-Short Duration Income Fund | 0.16 | 0.24 | 0.30 | 98 | Ultrashort Bond | CCLAX vs CULAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.59 | 82 | Diversified Portfolio | CCLAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.60 | 88 | Diversified Portfolio | CCLAX vs FIQDX | |
| Concorde Wealth Management Fund | 0.38 | 0.53 | 0.60 | 55 | Diversified Portfolio | CCLAX vs CONWX |
See all 33 diversifiers for CCLAX
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Diversification Analysis
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