Looking to diversify beyond CIOVX? The mutual funds below have the lowest correlation with CIOVX — 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 CIOVX.
Best Diversifiers for CIOVX
0 mutual funds have low correlation with CIOVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.44, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.44 | 0.55 | 0.68 | 63 | Foreign Large Cap Equities | CIOVX vs IVFIX | |
| EuroPac International Dividend Income Fund Class A | 0.62 | 0.66 | 0.72 | 75 | Foreign Large Cap Equities, Dividend | CIOVX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.62 | 0.66 | 0.73 | 76 | Foreign Large Cap Equities | CIOVX vs EPDIX | |
| Fidelity 500 Index Fund | 0.64 | 0.60 | 0.66 | 63 | S&P 500 | CIOVX vs FXAIX | |
| PIMCO RAE International Fund | 0.64 | 0.76 | 0.83 | 59 | Foreign Large Cap Equities | CIOVX vs PPYPX |
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