Looking to diversify beyond CCLFX? The mutual funds below have historically moved differently from CCLFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CCLFX
159 mutual funds have low correlation with CCLFX (below 0.3), 3 of which are negatively correlated. The least correlated is Franklin High Income Fund (FHRRX) (High Yield Bonds) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin High Income Fund | -0.06 | 0.05 | 0.07 | 61 | High Yield Bonds | CCLFX vs FHRRX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.04 | 0.09 | 0.11 | 92 | Bank Loan | CCLFX vs XPTFX | |
| Pioneer ILS Interval Fund | -0.02 | 0.07 | 0.06 | 100 | High Yield Bonds | CCLFX vs XILSX | |
| Allspring Short-Term High Yield Bond Fund | 0.00 | 0.05 | 0.09 | 88 | High Yield Bonds | CCLFX vs SSTHX | |
| Pioneer High Yield Fund | 0.01 | 0.06 | 0.11 | 58 | High Yield Bonds | CCLFX vs TYHYX |
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