Looking to diversify beyond CLFFX? The mutual funds below have historically moved differently from CLFFX, 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 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM High Yield Fund Class R6 | 0.45 | 0.41 | 0.41 | 65 | High Yield Bonds | CLFFX vs PHYQX | |
| Invesco Value Opportunities Fund Class Y | 0.54 | 0.63 | 0.75 | 74 | Mid Cap Value Equities | CLFFX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.56 | 0.65 | 0.76 | 72 | Mid Cap Value Equities | CLFFX vs UMCVX | |
| Invesco Value Opportunities Fund | 0.57 | 0.64 | 0.76 | 74 | Mid Cap Value Equities | CLFFX vs VVOAX | |
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.60 | 0.70 | 0.78 | 76 | Mid Cap Value Equities | CLFFX vs SMVTX |
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