Looking to diversify beyond CIVVX? The mutual funds below have historically moved differently from CIVVX, 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 CIVVX
3 mutual funds have low correlation with CIVVX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.27, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.27 | -0.01 | 0.15 | 65 | Commodities | CIVVX vs PCLAX | |
| MFS Commodity Strategy Fund | -0.07 | 0.13 | 0.20 | 65 | Commodities | CIVVX vs MCSFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.14 | 0.10 | 0.10 | 100 | Bank Loan, High Yield Bonds | CIVVX vs CCLFX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.37 | 0.33 | 0.21 | 98 | Nontraditional Bonds | CIVVX vs EGRIX | |
| Causeway Emerging Markets Investor | 0.49 | 0.57 | 0.61 | 63 | Emerging Markets Equities | CIVVX vs CEMVX |
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