Looking to diversify beyond CLBAX? The mutual funds below have the lowest correlation with CLBAX — 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 CLBAX.
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 0.05, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.48 | 67 | Diversified Portfolio | CLBAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.55 | 0.63 | 82 | Diversified Portfolio | CLBAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.54 | 0.62 | 88 | Diversified Portfolio | CLBAX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.37 | 0.55 | 0.63 | 87 | Diversified Portfolio | CLBAX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.63 | 86 | Diversified Portfolio | CLBAX vs FSIRX |
See all 25 diversifiers for CLBAX
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