Looking to diversify beyond CMEUX? The mutual funds below have historically moved differently from CMEUX, 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 CMEUX
0 mutual funds have low correlation with CMEUX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.34, up from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.18 | 0.15 | 97 | Large Cap Blend Equities | CMEUX vs SVPFX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.41 | 0.23 | 0.13 | 97 | Equity Market Neutral | CMEUX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.41 | 0.23 | 0.13 | 97 | Equity Market Neutral | CMEUX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.42 | 0.31 | 0.14 | 66 | Systematic Trend | CMEUX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.50 | 0.33 | 0.32 | 64 | Total Bond Market | CMEUX vs BSIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMEUX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Charles Schwab Corporation (SCHW) (Financial Services) with a 1Y correlation of 0.24, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Charles Schwab Corporation | 0.24 | 0.37 | 0.45 | 54 | Financial Services | |
| Alphabet Inc. Class A | 0.57 | 0.58 | 0.69 | 95 | Communication Services |
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