Looking to diversify beyond CFAGX? The mutual funds below have historically moved differently from CFAGX, 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 CFAGX
2 mutual funds have low correlation with CFAGX (below 0.3), 0 of which are negatively correlated. The least correlated is Commerce National Tax-Free Intermediate Bond Fund (CFNLX) (Municipal Bonds) with a 1Y correlation of 0.23, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Commerce National Tax-Free Intermediate Bond Fund | 0.23 | 0.14 | 0.13 | 55 | Municipal Bonds | CFAGX vs CFNLX | |
| Commerce Missouri Tax-Free Intermediate Bond Fund | 0.23 | 0.15 | 0.13 | 57 | Municipal Bonds | CFAGX vs CFMOX | |
| Commerce Value Fund | 0.58 | 0.71 | 0.75 | 83 | Large Cap Value Equities | CFAGX vs CFVLX | |
| Needham Growth Fund Institutional Class | 0.70 | 0.72 | 0.79 | 53 | Mid Cap Growth Equities | CFAGX vs NEEIX | |
| Needham Growth Fund | 0.71 | 0.73 | 0.79 | 57 | Mid Cap Growth Equities | CFAGX vs NEEGX |
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