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
160 mutual funds have low correlation with CCLFX (below 0.3), 6 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 | 0.05 | 0.07 | 59 | High Yield Bonds | CCLFX vs FHRRX | |
| Holbrook Income Fund | -0.03 | 0.03 | 0.05 | 97 | Short-Term Bond | CCLFX vs HOBEX | |
| Pioneer High Yield Fund | -0.03 | 0.07 | 0.10 | 70 | High Yield Bonds | CCLFX vs TYHYX | |
| Allspring High Yield Bond Fund | -0.03 | 0.07 | 0.11 | 52 | High Yield Bonds | CCLFX vs EKHAX | |
| Allspring Short-Term High Yield Bond Fund | -0.03 | 0.04 | 0.08 | 88 | High Yield Bonds | CCLFX vs SSTHX |
See all 160 diversifiers for CCLFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CCLFX
Add CCLFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CCLFX