Looking to diversify beyond CGIOX? The mutual funds below have historically moved differently from CGIOX, 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 CGIOX
7 mutual funds have low correlation with CGIOX (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 0.05, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.14 | 0.48 | 68 | Diversified Portfolio | CGIOX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.41 | 0.51 | 88 | Diversified Portfolio | CGIOX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.40 | 0.50 | 91 | Diversified Portfolio | CGIOX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.41 | 0.51 | 91 | Diversified Portfolio | CGIOX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.27 | 0.41 | 0.51 | 95 | Diversified Portfolio | CGIOX vs FSRRX |
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