Looking to diversify beyond CFIHX? The mutual funds below have historically moved differently from CFIHX, 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 CFIHX
3 mutual funds have low correlation with CFIHX (below 0.3), 0 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 0.06, down from 0.28 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... | 0.06 | 0.17 | 0.28 | 83 | Diversified Portfolio | CFIHX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.15 | 0.45 | 66 | Diversified Portfolio | CFIHX vs MHELX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.28 | 0.32 | 0.31 | 84 | Diversified Portfolio | CFIHX vs HFRO | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.41 | 0.39 | 0.43 | 99 | Diversified Portfolio | CFIHX vs STDAX | |
| Virtus Total Return Fund | 0.48 | 0.54 | 0.57 | 72 | Diversified Portfolio | CFIHX vs ZTR |
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