Looking to diversify beyond CFLGX? The mutual funds below have the lowest correlation with CFLGX — 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 CFLGX.
Best Diversifiers for CFLGX
0 mutual funds have low correlation with CFLGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.48, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.55 | 0.66 | 78 | Large Cap Value Equities | CFLGX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.60 | 0.69 | 0.77 | 81 | Large Cap Value Equities | CFLGX vs HFCVX | |
| Franklin Income Fund Advisor Class | 0.63 | 0.66 | 0.73 | 89 | Diversified Portfolio | CFLGX vs FRIAX | |
| Towpath Focus Fund | 0.69 | 0.76 | 0.82 | 85 | Large Cap Value Equities | CFLGX vs TOWFX | |
| Franklin Income Fund Class A1 | 0.69 | 0.69 | 0.74 | 84 | Diversified Portfolio | CFLGX vs FKINX |
See all 33 diversifiers for CFLGX
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