Looking to diversify beyond CGFIX? The mutual funds below have the lowest correlation with CGFIX — 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 CGFIX.
Best Diversifiers for CGFIX
11 mutual funds have low correlation with CGFIX (below 0.3), 2 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of -0.33, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | -0.33 | -0.19 | -0.11 | 72 | Macro Trading | CGFIX vs PCBAX | |
| Catalyst/Millburn Hedge Strategy Fund | -0.01 | -0.30 | -0.17 | 91 | Macro Trading | CGFIX vs MBXAX | |
| abrdn Ultra Short Municipal Income Fund | 0.04 | 0.04 | 0.02 | 99 | Municipal Bonds | CGFIX vs ATOIX | |
| Standpoint Multi-Asset Fund Investor Class | 0.10 | 0.01 | -0.03 | 80 | Macro Trading | CGFIX vs REMIX | |
| abrdn World Healthcare Fund | 0.20 | 0.21 | 0.11 | 61 | Health & Biotech Equities | CGFIX vs THW |
See all 18 diversifiers for CGFIX
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Diversification Analysis
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