Looking to diversify beyond CCLFX? The mutual funds below have the lowest correlation with CCLFX — 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 CCLFX.
Best Diversifiers for CCLFX
164 mutual funds have low correlation with CCLFX (below 0.3), 26 of which are negatively correlated. The least correlated is Franklin High Income Fund (FHRRX) (High Yield Bonds) with a 1Y correlation of -0.09, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin High Income Fund | -0.09 | 0.06 | 0.07 | 68 | High Yield Bonds | CCLFX vs FHRRX | |
| Pioneer High Yield Fund | -0.07 | 0.08 | 0.10 | 78 | High Yield Bonds | CCLFX vs TYHYX | |
| PIMCO Emerging Markets Bond Fund | -0.06 | 0.02 | 0.05 | 88 | Emerging Markets Bonds | CCLFX vs PEBIX | |
| Changing Parameters Fund | -0.06 | 0.02 | 0.03 | 88 | High Yield Bonds | CCLFX vs CPMPX | |
| Northern Multi-Manager High Yield Opportunity Fund | -0.06 | 0.09 | 0.12 | 53 | High Yield Bonds | CCLFX vs NMHYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCLFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCLFX and solid risk/return profiles. The least correlated is BigBear.ai Holdings, Inc. (BBAI) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BigBear.ai Holdings, Inc. | 0.03 | 0.07 | 0.07 | 52 | Technology |
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