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
5 mutual funds have low correlation with CII (below 0.3), 1 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of -0.01, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.01 | 0.22 | 0.38 | 57 | MLPs, Energy Equities | CII vs NML | |
| Vanguard Health Care Fund Admiral Shares | 0.19 | 0.38 | 0.51 | 59 | Health & Biotech Equities | CII vs VGHAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.23 | 0.16 | 0.08 | 96 | Equity Market Neutral | CII vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.27 | 0.20 | 0.07 | 51 | Systematic Trend | CII vs ASFYX | |
| The Covered Bridge Fund | 0.29 | 0.41 | 0.56 | 59 | Derivative Income | CII vs TCBIX |
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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 -0.25, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.25 | -0.02 | 0.15 | 75 | Energy | |
| Altria Group, Inc. | -0.21 | -0.04 | 0.10 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.15 | -0.01 | 0.11 | 57 | Communication Services | |
| Duke Energy Corporation | -0.15 | -0.03 | 0.10 | 66 | Utilities | |
| W. R. Berkley Corporation | -0.14 | 0.05 | 0.22 | 59 | Financial Services |
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Build a portfolio that complements CII
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Analyze a portfolio with CII