Looking to diversify beyond CENAX? The mutual funds below have the lowest correlation with CENAX — 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 CENAX.
Best Diversifiers for CENAX
3 mutual funds have low correlation with CENAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.05, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.05 | 0.10 | 0.20 | 77 | Short-Term Bond | CENAX vs LCCMX | |
| Holbrook Income Fund | 0.29 | 0.37 | 0.39 | 97 | Short-Term Bond | CENAX vs HOBEX | |
| DFA Short-Duration Real Return Portfolio | 0.29 | 0.28 | 0.44 | 99 | Short-Term Bond | CENAX vs DFAIX | |
| GuidepathConservative Income Fund | 0.40 | 0.45 | 0.48 | 99 | Short-Term Bond | CENAX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.43 | 0.70 | 0.74 | 71 | Short-Term Bond | CENAX vs GPARX |
See all 17 diversifiers for CENAX
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