Looking to diversify beyond CFIHX? The mutual funds below have the lowest correlation with CFIHX — 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 CFIHX.
Best Diversifiers for CFIHX
2 mutual funds have low correlation with CFIHX (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 0.06, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.47 | 63 | Diversified Portfolio | CFIHX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.07 | 0.20 | 0.30 | 76 | Diversified Portfolio | CFIHX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.45 | 0.41 | 0.44 | 99 | Diversified Portfolio | CFIHX vs STDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.53 | 0.68 | 0.71 | 95 | Diversified Portfolio | CFIHX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.54 | 0.68 | 0.72 | 96 | Diversified Portfolio | CFIHX vs FSRRX |
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