Looking to diversify beyond CMFIX? The mutual funds below have the lowest correlation with CMFIX — 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 CMFIX.
Best Diversifiers for CMFIX
14 mutual funds have low correlation with CMFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.08 | 0.07 | 0.10 | 81 | Short-Term Bond | CMFIX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.08 | 0.14 | 0.21 | 98 | Short-Term Bond | CMFIX vs DFAIX | |
| DFA Two-Year Fixed Income Portfolio | 0.11 | 0.06 | 0.23 | 76 | Short-Term Bond | CMFIX vs DFCFX | |
| GuidepathConservative Income Fund | 0.13 | 0.20 | 0.24 | 99 | Short-Term Bond | CMFIX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.22 | 0.35 | 0.34 | 99 | Short-Term Bond | CMFIX vs DHEAX |
See all 52 diversifiers for CMFIX
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Diversification Analysis
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