Looking to diversify beyond CFMOX? The mutual funds below have the lowest correlation with CFMOX — 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 CFMOX.
Best Diversifiers for CFMOX
12 mutual funds have low correlation with CFMOX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.17 | 0.21 | 96 | Municipal Bonds | CFMOX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.20 | 0.22 | 95 | Municipal Bonds | CFMOX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.33 | 0.39 | 99 | Municipal Bonds | CFMOX vs USMSX | |
| Commerce Value Fund | 0.21 | 0.15 | 0.09 | 59 | Large Cap Value Equities | CFMOX vs CFVLX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.33 | 0.43 | 99 | Municipal Bonds | CFMOX vs DNYMX |
See all 23 diversifiers for CFMOX
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