Looking to diversify beyond CFGRX? The mutual funds below have historically moved differently from CFGRX, 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 CFGRX
0 mutual funds have low correlation with CFGRX (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 0.44, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Commerce Value Fund | 0.44 | 0.51 | 0.62 | 87 | Large Cap Value Equities | CFGRX vs CFVLX | |
| Provident Trust Strategy Fund | 0.57 | 0.69 | 0.81 | 51 | Large Cap Growth Equities | CFGRX vs PROVX | |
| ICON Equity Fund | 0.60 | 0.59 | 0.70 | 79 | Large Cap Growth Equities | CFGRX vs IOLZX | |
| American Growth Fund Series One | 0.62 | 0.75 | 0.82 | 55 | Large Cap Growth Equities | CFGRX vs AMRGX | |
| Davis New York Venture Fund Class Y | 0.63 | 0.70 | 0.76 | 91 | Large Cap Growth Equities | CFGRX vs DNVYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CFGRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.24 | -0.03 | 0.11 | 73 | Energy | |
| Verizon Communications Inc. | -0.23 | -0.10 | 0.05 | 66 | Communication Services | |
| Johnson & Johnson | -0.19 | -0.11 | 0.08 | 96 | Healthcare | |
| Phillips 66 | -0.13 | 0.08 | 0.15 | 94 | Energy | |
| AbbVie Inc. | -0.10 | 0.07 | 0.14 | 76 | Healthcare |
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