Looking to diversify beyond CMCIX? The mutual funds below have the lowest correlation with CMCIX — 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 CMCIX.
Best Diversifiers for CMCIX
2 mutual funds have low correlation with CMCIX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | 0.10 | — | — | 99 | Ultrashort Bond | CMCIX vs CULAX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.18 | 0.49 | 0.49 | 80 | Small Cap Growth Equities | CMCIX vs QISGX | |
| Calvert Emerging Markets Equity Fund | 0.41 | — | — | 80 | Emerging Markets Diversified | CMCIX vs CVMIX | |
| Calvert High Yield Bond Fund | 0.51 | — | — | 53 | High Yield Bonds | CMCIX vs CYBIX | |
| Driehaus Micro Cap Growth Fund | 0.53 | — | — | 90 | Small Cap Growth Equities | CMCIX vs DMCRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMCIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMCIX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.14 | — | — | 93 | Technology | |
| Applied Digital Corporation | 0.22 | — | — | 91 | Technology | |
| First Majestic Silver Corp. | 0.25 | — | — | 78 | Basic Materials | |
| POET Technologies Inc | 0.25 | — | — | 58 | Technology | |
| ImmunityBio, Inc. | 0.34 | — | — | 89 | Healthcare |
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