Looking to diversify beyond CFAIX? The mutual funds below have historically moved differently from CFAIX, 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 CFAIX
3 mutual funds have low correlation with CFAIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | 0.01 | 0.11 | 83 | Diversified Portfolio | CFAIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.11 | 0.39 | 66 | Diversified Portfolio | CFAIX vs MHELX | |
| Calvert Ultra-Short Duration Income Fund | 0.18 | 0.24 | 0.30 | 99 | Ultrashort Bond | CFAIX vs CULAX | |
| Concorde Wealth Management Fund | 0.32 | 0.50 | 0.59 | 83 | Diversified Portfolio | CFAIX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.54 | 0.58 | 91 | Diversified Portfolio | CFAIX vs FIQDX |
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