Looking to diversify beyond CICVX? The mutual funds below have historically moved differently from CICVX, 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 CICVX
2 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 0.16, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Short-Term Bond Fund | 0.16 | 0.15 | 0.19 | 79 | Short-Term Bond | CICVX vs CSTIX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.27 | 0.10 | 0.19 | 75 | Convertible Bonds | CICVX vs LEOOX | |
| PIMCO Preferred and Capital Securities Fund | 0.31 | 0.32 | 0.37 | 68 | Preferred Stock | CICVX vs PFINX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.35 | 0.33 | 0.37 | 86 | Preferred Stock | CICVX vs LPXZX | |
| Nuveen Preferred Securities & Income Fund | 0.35 | 0.33 | 0.40 | 73 | Preferred Stock | CICVX vs NPSRX |
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