Looking to diversify beyond CLPAX? The mutual funds below have historically moved differently from CLPAX, 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 CLPAX
2 mutual funds have low correlation with CLPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cullen Enhanced Equity Income Fund (ENHNX) (Derivative Income) with a 1Y correlation of 0.02, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen Enhanced Equity Income Fund | 0.02 | 0.16 | 0.32 | 54 | Derivative Income | CLPAX vs ENHNX | |
| The Covered Bridge Fund | 0.24 | 0.29 | 0.44 | 89 | Derivative Income | CLPAX vs TCBIX | |
| Catalyst Insider Income Fund | 0.31 | 0.23 | 0.36 | 81 | Short-Term Bond | CLPAX vs IIXIX | |
| Catalyst/CIFC Floating Rate Income Fund | 0.31 | 0.25 | 0.24 | 66 | Bank Loan | CLPAX vs CFRIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.33 | 0.34 | 0.36 | 94 | Multistrategy, Systematic Trend, Global Equities | CLPAX vs MBXAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLPAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.63 | 0.65 | 0.69 | 88 |
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