Looking to diversify beyond CFBNX? The mutual funds below have historically moved differently from CFBNX, 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 CFBNX
0 mutual funds have low correlation with CFBNX (below 0.3), 0 of which are negatively correlated. The least correlated is Commerce Value Fund (CFVLX) (Large Cap Value Equities) with a 1Y correlation of 0.33, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Commerce Value Fund | 0.33 | 0.25 | 0.14 | 87 | Large Cap Value Equities | CFBNX vs CFVLX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.66 | 0.67 | 0.60 | 58 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | CFBNX vs VCAIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.70 | 0.73 | 0.71 | 56 | Intermediate Core Bond | CFBNX vs STWTX |
Diversification Analysis
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