Looking to diversify beyond CMALX? The mutual funds below have the lowest correlation with CMALX — 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 CMALX.
Best Diversifiers for CMALX
8 mutual funds have low correlation with CMALX (below 0.3), 1 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 -0.00, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.15 | 0.45 | 67 | Diversified Portfolio | CMALX vs MHELX | |
| Virtus Diversified Income & Convertible Fund | 0.01 | 0.31 | 0.43 | 66 | Diversified Portfolio | CMALX vs ACV | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.19 | 0.32 | 0.37 | 99 | Diversified Portfolio | CMALX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.20 | 0.28 | 0.38 | 81 | Diversified Portfolio | CMALX vs BLNDX | |
| Allspring Diversified Capital Builder Fund | 0.23 | 0.37 | 0.53 | 95 | Diversified Portfolio | CMALX vs EKBAX |
See all 28 diversifiers for CMALX
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