Looking to diversify beyond CLBAX? The mutual funds below have historically moved differently from CLBAX, 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 CLBAX
1 mutual funds have low correlation with CLBAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.46 | 66 | Diversified Portfolio | CLBAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.52 | 0.61 | 89 | Diversified Portfolio | CLBAX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.37 | 0.53 | 0.62 | 95 | Diversified Portfolio | CLBAX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.52 | 0.61 | 91 | Diversified Portfolio | CLBAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.53 | 0.62 | 91 | Diversified Portfolio | CLBAX vs FSIRX |
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