Looking to diversify beyond CMCMX? The mutual funds below have the lowest correlation with CMCMX — 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 CMCMX.
Best Diversifiers for CMCMX
1 mutual funds have low correlation with CMCMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.24, down from 0.59 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.24 | 0.59 | — | 66 | Small Cap Growth Equities | CMCMX vs QISGX | |
| Driehaus Micro Cap Growth Fund | 0.73 | 0.79 | 0.82 | 80 | Small Cap Growth Equities | CMCMX vs DMCRX | |
| Hood River Small-Cap Growth Fund | 0.74 | 0.79 | 0.82 | 88 | Small Cap Growth Equities | CMCMX vs HRSMX | |
| Calamos Timpani Small Cap Growth Fund | 0.74 | 0.79 | — | 75 | Small Cap Growth Equities | CMCMX vs CTSIX | |
| Needham Small Cap Growth Fund Institutional | 0.76 | 0.80 | — | 95 | Small Cap Growth Equities | CMCMX vs NESIX |
See all 14 diversifiers for CMCMX
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