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), 5 of which are negatively correlated. The least correlated is Franklin High Income Fund (FHRRX) (High Yield Bonds) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin High Income Fund | -0.07 | 0.05 | 0.07 | 66 | High Yield Bonds | CCLFX vs FHRRX | |
| Allspring Short-Term High Yield Bond Fund | -0.02 | 0.05 | 0.08 | 92 | High Yield Bonds | CCLFX vs SSTHX | |
| Virtus Newfleet High Yield Fund | -0.01 | 0.00 | 0.06 | 53 | High Yield Bonds | CCLFX vs PHCHX | |
| Allspring High Yield Bond Fund | -0.01 | 0.08 | 0.12 | 60 | High Yield Bonds | CCLFX vs EKHAX | |
| Pioneer High Yield Fund | -0.01 | 0.07 | 0.11 | 77 | High Yield Bonds | CCLFX vs TYHYX |
See all 164 diversifiers for CCLFX
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Diversification Analysis
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