Looking to diversify beyond CIK? The mutual funds below have historically moved differently from CIK, 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 CIK
10 mutual funds have low correlation with CIK (below 0.3), 3 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.05 | 0.10 | 0.19 | 70 | High Yield Bonds | CIK vs FOCIX | |
| Credit Suisse Trust Commodity Return Strategy Port... | -0.04 | 0.00 | 0.04 | 74 | Commodities | CIK vs CCRSX | |
| Credit Suisse Commodity Return Strategy Fund | -0.04 | -0.00 | 0.04 | 63 | Commodities | CIK vs CRSOX | |
| Pioneer ILS Interval Fund | 0.03 | 0.02 | 0.02 | 100 | High Yield Bonds | CIK vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.12 | 0.06 | 0.08 | 100 | Bank Loan, High Yield Bonds | CIK vs CCLFX |
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