Looking to diversify beyond CMALX? The mutual funds below have historically moved differently from CMALX, 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 CMALX
17 mutual funds have low correlation with CMALX (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus Diversified Income & Convertible Fund (ACV) (Diversified Portfolio) with a 1Y correlation of -0.05, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Diversified Income & Convertible Fund | -0.05 | 0.27 | 0.41 | 64 | Diversified Portfolio, Convertible Bonds | CMALX vs ACV | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.43 | 66 | Diversified Portfolio | CMALX vs MHELX | |
| Standpoint Multi-Asset Fund Institutional | 0.10 | 0.25 | 0.35 | 84 | Diversified Portfolio | CMALX vs BLNDX | |
| Allspring Diversified Capital Builder Fund | 0.10 | 0.31 | 0.50 | 87 | Diversified Portfolio | CMALX vs EKBAX | |
| Federated Hermes Municipal and Stock Advantage Fun... | 0.16 | 0.45 | 0.63 | 91 | Diversified Portfolio | CMALX vs FMUAX |
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