Looking to diversify beyond CCSTX? The mutual funds below have the lowest correlation with CCSTX — 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 CCSTX.
Best Diversifiers for CCSTX
16 mutual funds have low correlation with CCSTX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.02 | 0.11 | 0.11 | 99 | Municipal Bonds | CCSTX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.00 | 0.07 | 0.06 | 99 | Municipal Bonds | CCSTX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.14 | 0.13 | 0.18 | 99 | Municipal Bonds | CCSTX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.29 | 0.37 | 100 | Municipal Bonds | CCSTX vs DFSMX | |
| Nuveen Municipal Value Fund Inc. | 0.21 | 0.29 | 0.27 | 53 | Municipal Bonds | CCSTX vs NUV |
See all 27 diversifiers for CCSTX
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