Looking to diversify beyond CLM? The mutual funds below have historically moved differently from CLM, 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 CLM
20 mutual funds have low correlation with CLM (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.29, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.29 | -0.10 | 0.01 | 83 | Diversified Portfolio | CLM vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.05 | 0.03 | 0.26 | 66 | Diversified Portfolio | CLM vs MHELX | |
| Neuberger Berman MLP | 0.03 | 0.19 | 0.30 | 71 | MLPs, Energy Equities | CLM vs NML | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.10 | 0.23 | 0.31 | 91 | Diversified Portfolio | CLM vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.11 | 0.24 | 0.32 | 89 | Diversified Portfolio | CLM vs FCSRX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.08, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.08 | 0.18 | 0.24 | 81 | Energy | |
| Cohen & Steers Infrastructure Fund, Inc | 0.22 | 0.25 | 0.34 | 74 | Financial Services | |
| DNP Select Income Fund Inc. | 0.22 | 0.20 | 0.25 | 89 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.28 | 0.28 | 0.35 | 65 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.33 | 0.33 | 0.33 | 57 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CLM
Add CLM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLM