Looking to diversify beyond CII? The mutual funds below have the lowest correlation with CII — 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 CII.
Best Diversifiers for CII
2 mutual funds have low correlation with CII (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.26, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.16 | 0.09 | 91 | Long-Short | CII vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.27 | 0.20 | 0.07 | 67 | Systematic Trend | CII vs ASFYX | |
| Nomura Emerging Markets Fund Class A | 0.33 | 0.43 | 0.50 | 98 | Emerging Markets Equities | CII vs DEMAX | |
| The Covered Bridge Fund | 0.33 | 0.44 | 0.58 | 83 | Derivative Income | CII vs TCBIX | |
| WisdomTree Equity Premium Income Fund | 0.54 | 0.64 | 0.66 | 58 | Derivative Income, S&P 500 | CII vs PUTW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CII and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.24, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.24 | 0.00 | 0.16 | 85 | Energy | |
| Altria Group, Inc. | -0.20 | -0.02 | 0.11 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | -0.02 | 0.11 | 52 | Utilities | |
| Verizon Communications Inc. | -0.10 | 0.01 | 0.12 | 62 | Communication Services | |
| LTC Properties, Inc. | -0.09 | 0.13 | 0.22 | 54 | Real Estate |
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