Looking to diversify beyond CLPAX? The mutual funds below have the lowest correlation with CLPAX — 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 CLPAX.
Best Diversifiers for CLPAX
1 mutual funds have low correlation with CLPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst Insider Income Fund (IIXIX) (Short-Term Bond) with a 1Y correlation of 0.26, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst Insider Income Fund | 0.26 | 0.21 | 0.36 | 82 | Short-Term Bond | CLPAX vs IIXIX | |
| Catalyst/CIFC Floating Rate Income Fund | 0.31 | 0.25 | 0.23 | 62 | Bank Loan | CLPAX vs CFRIX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.31 | 0.31 | 0.36 | 92 | Hedge Fund | CLPAX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.31 | 0.31 | 0.36 | 92 | Macro Trading | CLPAX vs MBXAX | |
| The Covered Bridge Fund | 0.36 | 0.32 | 0.45 | 83 | Derivative Income | CLPAX vs TCBIX |
See all 18 diversifiers for CLPAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CLPAX
Add CLPAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLPAX