Looking to diversify beyond CGFIX? The mutual funds below have historically moved differently from CGFIX, 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 CGFIX
13 mutual funds have low correlation with CGFIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Multistrategy) with a 1Y correlation of -0.33, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | -0.33 | -0.18 | -0.12 | 83 | Multistrategy | CGFIX vs PCBAX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.04 | -0.28 | -0.18 | 89 | Multistrategy, Systematic Trend, Global Equities | CGFIX vs MBXAX | |
| abrdn Ultra Short Municipal Income Fund | 0.06 | 0.06 | 0.02 | 100 | Municipal Bonds | CGFIX vs ATOIX | |
| Standpoint Multi-Asset Fund Investor Class | 0.07 | 0.00 | -0.05 | 83 | Diversified Portfolio | CGFIX vs REMIX | |
| Quantified Alternative Investment Fund | 0.16 | 0.20 | 0.09 | 56 | Multistrategy | CGFIX vs QALTX |
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