Looking to diversify beyond CGIIX? The mutual funds below have the lowest correlation with CGIIX — 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 CGIIX.
Best Diversifiers for CGIIX
1 mutual funds have low correlation with CGIIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.14 | 0.49 | 70 | Diversified Portfolio | CGIIX vs MHELX | |
| ICON Equity Income Fund | 0.43 | 0.49 | 0.64 | 90 | Diversified Portfolio | CGIIX vs IOEZX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.46 | 0.36 | 0.40 | 99 | Diversified Portfolio | CGIIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 0.51 | 0.57 | 0.67 | 97 | Diversified Portfolio | CGIIX vs TIBIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.55 | 0.61 | 0.77 | 98 | CGIIX vs CMNIX |
See all 23 diversifiers for CGIIX
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