Looking to diversify beyond CIK? The mutual funds below have the lowest correlation with CIK — 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 CIK.
Best Diversifiers for CIK
10 mutual funds have low correlation with CIK (below 0.3), 2 of which are negatively correlated. The least correlated is Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) (Commodities) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Credit Suisse Trust Commodity Return Strategy Port... | -0.05 | 0.01 | 0.04 | 52 | Commodities | CIK vs CCRSX | |
| Fairholme Focused Income Fund | -0.02 | 0.11 | 0.20 | 57 | High Yield Bonds | CIK vs FOCIX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.04 | 0.06 | 100 | High Yield Bonds | CIK vs CCLFX | |
| Pioneer ILS Interval Fund | 0.06 | 0.03 | 0.02 | 100 | High Yield Bonds | CIK vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.13 | 0.08 | 0.12 | 100 | High Yield Bonds | CIK vs RPHIX |
See all 29 diversifiers for CIK
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