Looking to diversify beyond CLTAX? The mutual funds below have the lowest correlation with CLTAX — 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 CLTAX.
Best Diversifiers for CLTAX
1 mutual funds have low correlation with CLTAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.24 | 0.17 | 75 | Tactical Allocation | CLTAX vs PBAIX | |
| Catalyst/CIFC Floating Rate Income Fund | 0.32 | 0.28 | 0.21 | 60 | Bank Loan | CLTAX vs CFRIX | |
| Quantified Evolution Plus Fund | 0.34 | 0.43 | 0.36 | 80 | Tactical Allocation | CLTAX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.35 | 0.29 | 0.34 | 89 | Tactical Allocation | CLTAX vs HSTRX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.40 | 0.38 | 0.35 | 92 | Hedge Fund | CLTAX vs MBXIX |
See all 30 diversifiers for CLTAX
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