Looking to diversify beyond CELFX? The mutual funds below have historically moved differently from CELFX, 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 CELFX
39 mutual funds have low correlation with CELFX (below 0.3), 11 of which are negatively correlated. The least correlated is Dunham Long/Short Credit Fund (DCAIX) (Nontraditional Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | -0.09 | -0.05 | -0.05 | 80 | Nontraditional Bonds | CELFX vs DCAIX | |
| Angel Oak Strategic Credit Fund | -0.05 | 0.02 | 0.04 | 85 | Nontraditional Bonds | CELFX vs ASCIX | |
| GMO Opportunistic Income Fund | -0.04 | 0.03 | 0.04 | 95 | Nontraditional Bonds | CELFX vs GMODX | |
| Metropolitan West Unconstrained Bond Fund | -0.03 | 0.03 | 0.05 | 78 | Nontraditional Bonds | CELFX vs MWCIX | |
| Artisan Global Unconstrained Fund | -0.02 | -0.03 | — | 99 | Nontraditional Bonds | CELFX vs APFPX |
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