Looking to diversify beyond CENTX? The mutual funds below have historically moved differently from CENTX, 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 CENTX
0 mutual funds have low correlation with CENTX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Multi-Asset Income Fund (NMAI) (Global Allocation) with a 1Y correlation of 0.30, down from 0.47 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Multi-Asset Income Fund | 0.30 | 0.47 | — | 67 | Global Allocation | CENTX vs NMAI | |
| Nuveen Real Asset Income Fund | 0.35 | 0.60 | 0.72 | 85 | Global Allocation | CENTX vs NRIIX | |
| Thornburg Investment Income Builder Fund | 0.38 | 0.64 | 0.74 | 98 | Global Allocation | CENTX vs TIBAX | |
| Pioneer Multi-Asset Income Fund | 0.38 | 0.57 | 0.65 | 93 | Global Allocation | CENTX vs PMFYX | |
| Leuthold Global Fund | 0.39 | 0.67 | 0.76 | 86 | Global Allocation | CENTX vs GLBIX |
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