Looking to diversify beyond CLM? The mutual funds below have the lowest correlation with CLM — 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 CLM.
Best Diversifiers for CLM
12 mutual funds have low correlation with CLM (below 0.3), 1 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 -0.23, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | -0.07 | 0.03 | 76 | Diversified Portfolio | CLM vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.07 | 0.29 | 63 | Diversified Portfolio | CLM vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.10 | 0.24 | 0.33 | 96 | Diversified Portfolio | CLM vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.10 | 0.25 | 0.33 | 95 | Diversified Portfolio | CLM vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.11 | 0.25 | 0.33 | 97 | Diversified Portfolio | CLM vs FSRKX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLM and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.34, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.34 | 0.28 | 0.34 | 79 | Financial Services | |
| American Superconductor Corporation | 0.34 | 0.35 | 0.34 | 66 | Industrials | |
| AGNC Investment Corp. | 0.36 | 0.35 | 0.37 | 77 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.41 | 0.47 | 0.51 | 96 | Financial Services | |
| BlackRock Science and Technology Trust | 0.54 | 0.52 | 0.52 | 90 | Financial Services |
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