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
10 mutual funds have low correlation with CLM (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.05 | 0.28 | 70 | Diversified Portfolio | CLM vs MHELX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.13 | 0.25 | 0.32 | 88 | Diversified Portfolio | CLM vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.13 | 0.26 | 0.33 | 82 | Diversified Portfolio | CLM vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.13 | 0.25 | 0.32 | 88 | Diversified Portfolio | CLM vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.13 | 0.26 | 0.33 | 86 | Diversified Portfolio | CLM vs FSIRX |
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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 Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of 0.34, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | 0.34 | 0.33 | 0.33 | 77 | Real Estate | |
| Reaves Utility Income Trust | 0.36 | 0.28 | 0.34 | 79 | Financial Services | |
| AGNC Investment Corp. | 0.36 | 0.35 | 0.38 | 77 | Real Estate | |
| American Superconductor Corporation | 0.38 | 0.35 | 0.34 | 55 | Industrials | |
| NVIDIA Corporation | 0.39 | 0.37 | 0.42 | 72 | Technology |
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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