Looking to diversify beyond CFAIX? The mutual funds below have the lowest correlation with CFAIX — 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 CFAIX.
Best Diversifiers for CFAIX
2 mutual funds have low correlation with CFAIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.41 | 70 | Diversified Portfolio | CFAIX vs MHELX | |
| Calvert Ultra-Short Duration Income Fund | 0.14 | 0.24 | 0.30 | 98 | Ultrashort Bond | CFAIX vs CULAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.59 | 82 | Diversified Portfolio | CFAIX vs FCSRX | |
| Concorde Wealth Management Fund | 0.37 | 0.53 | 0.60 | 55 | Diversified Portfolio | CFAIX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.60 | 88 | Diversified Portfolio | CFAIX vs FIQDX |
See all 34 diversifiers for CFAIX
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Diversification Analysis
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