Looking to diversify beyond CFNDX? The mutual funds below have the lowest correlation with CFNDX — 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 CFNDX.
Best Diversifiers for CFNDX
1 mutual funds have low correlation with CFNDX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.23 | 0.18 | 75 | Tactical Allocation | CFNDX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.33 | 0.46 | 0.43 | 80 | Tactical Allocation | CFNDX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.36 | 0.26 | 0.20 | 89 | Tactical Allocation | CFNDX vs HSTRX | |
| AQR Diversifying Strategies Fund Class N | 0.45 | 0.33 | 0.21 | 88 | Tactical Allocation | CFNDX vs QDSNX | |
| PIMCO All Asset All Authority Fund | 0.48 | 0.39 | 0.34 | 73 | Tactical Allocation | CFNDX vs PAUIX |
See all 23 diversifiers for CFNDX
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