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
3 mutual funds have low correlation with CCLAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.18, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.02 | 0.12 | 67 | Diversified Portfolio | CCLAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.13 | 0.41 | 68 | Diversified Portfolio | CCLAX vs MHELX | |
| Calvert Ultra-Short Duration Income Fund | 0.17 | 0.24 | 0.30 | 99 | Ultrashort Bond | CCLAX vs CULAX | |
| Concorde Wealth Management Fund | 0.34 | 0.51 | 0.59 | 76 | Diversified Portfolio | CCLAX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.56 | 0.59 | 86 | Diversified Portfolio | CCLAX vs FIQDX |
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