Looking to diversify beyond CLMVX? The mutual funds below have historically moved differently from CLMVX, 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 CLMVX
15 mutual funds have low correlation with CLMVX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.05, up from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.05 | -0.27 | — | 99 | Nontraditional Bonds | CLMVX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.03 | — | — | 100 | Nontraditional Bonds | CLMVX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | 0.01 | 0.01 | 0.01 | 100 | Nontraditional Bonds | CLMVX vs CELFX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.08 | 0.16 | 0.00 | 99 | Nontraditional Bonds | CLMVX vs EIGMX | |
| Dunham Long/Short Credit Fund | 0.13 | 0.01 | -0.03 | 94 | Nontraditional Bonds | CLMVX vs DCAIX |
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