Looking to diversify beyond CLMVX? The mutual funds below have the lowest correlation with CLMVX — 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 CLMVX.
Best Diversifiers for CLMVX
17 mutual funds have low correlation with CLMVX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.04, up from -0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.04 | -0.30 | — | 99 | Nontraditional Bonds | CLMVX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.00 | — | — | 100 | Nontraditional Bonds | CLMVX vs CBYYX | |
| T. Rowe Price Dynamic Credit Fund | 0.02 | -0.08 | -0.01 | 78 | Nontraditional Bonds | CLMVX vs RPIDX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.10 | 0.16 | 0.01 | 99 | Nontraditional Bonds | CLMVX vs EIGMX | |
| PGIM Securitized Credit Fund | 0.12 | -0.01 | -0.02 | 99 | Nontraditional Bonds | CLMVX vs SCFZX |
See all 23 diversifiers for CLMVX
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