Looking to diversify beyond CCVIX? The mutual funds below have the lowest correlation with CCVIX — 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 CCVIX.
Best Diversifiers for CCVIX
1 mutual funds have low correlation with CCVIX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Preferred and Capital Securities Fund (PFINX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.30, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Preferred and Capital Securities Fund | 0.30 | 0.34 | 0.38 | 72 | Preferred Stock/Convertible Bonds | CCVIX vs PFINX | |
| Nuveen Preferred Securities & Income Fund | 0.33 | 0.33 | 0.40 | 74 | Preferred Stock/Convertible Bonds | CCVIX vs NPSRX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.33 | 0.33 | 0.37 | 82 | Preferred Stock/Convertible Bonds | CCVIX vs LPXZX | |
| Principal Capital Securities Fund | 0.35 | 0.33 | 0.35 | 76 | Preferred Stock/Convertible Bonds | CCVIX vs PCSFX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.37 | 0.35 | 0.39 | 84 | Preferred Stock/Convertible Bonds | CCVIX vs PISHX |
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