Looking to diversify beyond CICVX? The mutual funds below have the lowest correlation with CICVX — 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 CICVX.
Best Diversifiers for CICVX
1 mutual funds have low correlation with CICVX (below 0.3), 0 of which are negatively correlated. The least correlated is Calamos Short-Term Bond Fund (CSTIX) (Short-Term Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Short-Term Bond Fund | 0.19 | 0.16 | 0.19 | 63 | Short-Term Bond | CICVX vs CSTIX | |
| PIMCO Preferred and Capital Securities Fund | 0.30 | 0.34 | 0.38 | 73 | Preferred Stock/Convertible Bonds | CICVX vs PFINX | |
| Nuveen Preferred Securities & Income Fund | 0.33 | 0.33 | 0.39 | 73 | Preferred Stock/Convertible Bonds | CICVX vs NPSRX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.34 | 0.33 | 0.37 | 82 | Preferred Stock/Convertible Bonds | CICVX vs LPXZX | |
| Principal Capital Securities Fund | 0.35 | 0.33 | 0.35 | 76 | Preferred Stock/Convertible Bonds | CICVX vs PCSFX |
See all 27 diversifiers for CICVX
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