Looking to diversify beyond CGIOX? The mutual funds below have the lowest correlation with CGIOX — 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 CGIOX.
Best Diversifiers for CGIOX
5 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 0.10, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.10 | 0.18 | 0.51 | 63 | Diversified Portfolio | CGIOX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.21 | 0.42 | 0.52 | 95 | Diversified Portfolio | CGIOX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.41 | 0.52 | 96 | Diversified Portfolio | CGIOX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.22 | 0.42 | 0.53 | 96 | Diversified Portfolio | CGIOX vs FSRRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.23 | 0.42 | 0.53 | 97 | Diversified Portfolio | CGIOX vs FSRKX |
See all 25 diversifiers for CGIOX
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