Looking to diversify beyond CIVIX? The mutual funds below have historically moved differently from CIVIX, 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 CIVIX
2 mutual funds have low correlation with CIVIX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.26, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.26 | -0.01 | 0.14 | 78 | Commodities | CIVIX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.25 | -0.00 | 0.16 | 70 | Commodities | CIVIX vs PCLIX | |
| AMG Yacktman Focused Fund | 0.39 | 0.55 | 0.67 | 91 | Large Cap Value Equities | CIVIX vs YAFFX | |
| Causeway Emerging Markets Fund | 0.49 | 0.56 | 0.61 | 63 | Emerging Markets Equities | CIVIX vs CEMIX | |
| Causeway Emerging Markets Investor | 0.49 | 0.57 | 0.61 | 61 | Emerging Markets Equities | CIVIX vs CEMVX |
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