Looking to diversify beyond CEMIX? The mutual funds below have the lowest correlation with CEMIX — 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 CEMIX.
Best Diversifiers for CEMIX
1 mutual funds have low correlation with CEMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Weitz Short Duration Income Fund (WEFIX) (Short-Term Bond) with a 1Y correlation of 0.16, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Weitz Short Duration Income Fund | 0.16 | 0.03 | 0.06 | 92 | Short-Term Bond | CEMIX vs WEFIX | |
| Blackstone Alternative Multi-Strategy Fund | 0.38 | 0.35 | 0.42 | 99 | Multistrategy | CEMIX vs BXMIX | |
| Putnam Large Cap Value Fund | 0.39 | 0.42 | 0.48 | 81 | Large Cap Value Equities | CEMIX vs PEIYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.51 | 0.63 | 0.70 | 86 | Emerging Markets Diversified | CEMIX vs ESCIX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.63 | 0.62 | 0.67 | 52 | Large Cap Growth Equities, Foreign Large Cap Equities | CEMIX vs VTMGX |
See all 30 diversifiers for CEMIX
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