Looking to diversify beyond CCSMX? The mutual funds below have the lowest correlation with CCSMX — 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 CCSMX.
Best Diversifiers for CCSMX
0 mutual funds have low correlation with CCSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Essex Environmental Opportunities Fund (EEOFX) (Mid Cap Growth Equities) with a 1Y correlation of 0.57, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Essex Environmental Opportunities Fund | 0.57 | 0.72 | 0.78 | 72 | Mid Cap Growth Equities | CCSMX vs EEOFX | |
| Calamos Timpani SMID Growth Fund | 0.59 | 0.74 | 0.81 | 65 | Mid Cap Growth Equities | CCSMX vs CTIGX | |
| Timothy Plan Aggressive Growth Fund | 0.59 | 0.74 | 0.82 | 88 | Mid Cap Growth Equities | CCSMX vs TAAGX | |
| Needham Growth Fund | 0.61 | 0.69 | 0.77 | 91 | Mid Cap Growth Equities | CCSMX vs NEEGX | |
| PrimeCap Odyssey Aggressive Growth Fund | 0.65 | 0.74 | 0.80 | 84 | Mid Cap Growth Equities | CCSMX vs POAGX |
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