Looking to diversify beyond CEMIX? The mutual funds below have historically moved differently from CEMIX, 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 CEMIX
2 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 0.19, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Weitz Short Duration Income Fund | 0.19 | 0.04 | 0.07 | 94 | Short-Term Bond | CEMIX vs WEFIX | |
| The Cook & Bynum Fund | 0.20 | 0.30 | 0.39 | 62 | Emerging Markets Equities | CEMIX vs COBYX | |
| Putnam Large Cap Value Fund | 0.36 | 0.40 | 0.47 | 95 | Large Cap Value Equities | CEMIX vs PEIYX | |
| BlackRock Equity Dividend Fund Institutional Share... | 0.40 | 0.41 | 0.48 | 92 | Large Cap Value Equities | CEMIX vs MADVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.59 | 0.68 | 96 | Emerging Markets Equities | CEMIX vs ESCIX |
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