Looking to diversify beyond CFMOX? The mutual funds below have historically moved differently from CFMOX, 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 CFMOX
11 mutual funds have low correlation with CFMOX (below 0.3), 0 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.15 | 0.21 | 89 | Municipal Bonds | CFMOX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.01 | 0.19 | 0.23 | 92 | Municipal Bonds | CFMOX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.27 | 0.37 | 100 | Municipal Bonds | CFMOX vs DFSMX | |
| Commerce Value Fund | 0.24 | 0.16 | 0.10 | 87 | Large Cap Value Equities | CFMOX vs CFVLX | |
| DFA NY Municipal Bond Portfolio | 0.25 | 0.34 | 0.43 | 99 | Municipal Bonds | CFMOX vs DNYMX |
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