Looking to diversify beyond CIPMX? The mutual funds below have the lowest correlation with CIPMX — 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 CIPMX.
Best Diversifiers for CIPMX
0 mutual funds have low correlation with CIPMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.48, down from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.48 | 0.62 | 0.76 | 73 | Large Cap Growth Equities | CIPMX vs FBGRX | |
| Tanaka Growth Fund | 0.48 | 0.61 | 0.70 | 52 | Mid Cap Growth Equities | CIPMX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.52 | 0.67 | 0.74 | 63 | Mid Cap Growth Equities | CIPMX vs EEOFX | |
| Timothy Plan Aggressive Growth Fund | 0.57 | 0.74 | 0.82 | 90 | Mid Cap Growth Equities | CIPMX vs TAAGX | |
| Needham Growth Fund | 0.57 | 0.69 | 0.76 | 92 | Mid Cap Growth Equities | CIPMX vs NEEGX |
See all 15 diversifiers for CIPMX
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