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
15 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 -0.23, down from 0.02 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 | -0.09 | 0.02 | 58 | Diversified Portfolio | CLM vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.03 | 0.27 | 69 | Diversified Portfolio | CLM vs MHELX | |
| Neuberger Berman MLP | 0.05 | 0.20 | 0.31 | 57 | MLPs, Energy Equities | CLM vs NML | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.13 | 0.24 | 0.32 | 83 | Diversified Portfolio | CLM vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.14 | 0.26 | 0.33 | 79 | Diversified Portfolio | CLM vs FCSRX |
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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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.05, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.05 | 0.19 | 0.25 | 84 | Energy | |
| Cohen & Steers Infrastructure Fund, Inc | 0.23 | 0.24 | 0.35 | 73 | Financial Services | |
| DNP Select Income Fund Inc. | 0.23 | 0.20 | 0.26 | 93 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.27 | 0.29 | 0.35 | 69 | Financial Services | |
| Dynex Capital, Inc. | 0.33 | 0.33 | 0.34 | 73 | Real Estate |
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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