Looking to diversify beyond CLFFX? The mutual funds below have the lowest correlation with CLFFX — 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 CLFFX.
Best Diversifiers for CLFFX
0 mutual funds have low correlation with CLFFX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM High Yield Fund Class R6 (PHYQX) (High Yield Bonds) with a 1Y correlation of 0.45, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM High Yield Fund Class R6 | 0.45 | 0.42 | 0.41 | 72 | High Yield Bonds | CLFFX vs PHYQX | |
| Invesco Value Opportunities Fund Class Y | 0.64 | 0.68 | 0.78 | 81 | Mid Cap Value Equities | CLFFX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.64 | 0.68 | 0.78 | 81 | Mid Cap Value Equities | CLFFX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.64 | 0.68 | 0.78 | 81 | Mid Cap Value Equities | CLFFX vs UMCVX | |
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.68 | 0.72 | 0.79 | 91 | Mid Cap Value Equities | CLFFX vs SMVTX |
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