Looking to diversify beyond CMAAX? The mutual funds below have the lowest correlation with CMAAX — 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 CMAAX.
Best Diversifiers for CMAAX
2 mutual funds have low correlation with CMAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.17 | 0.49 | 67 | Diversified Portfolio | CMAAX vs MHELX | |
| Calvert Ultra-Short Duration Income Fund | 0.08 | 0.13 | 0.20 | 99 | Ultrashort Bond | CMAAX vs CULAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.56 | 0.61 | 82 | Diversified Portfolio | CMAAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.56 | 0.61 | 86 | Diversified Portfolio | CMAAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.56 | 0.61 | 88 | Diversified Portfolio | CMAAX vs FIQDX |
See all 29 diversifiers for CMAAX
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