Looking to diversify beyond CMFIX? The mutual funds below have historically moved differently from CMFIX, 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 CMFIX
12 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 0.05, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.05 | 0.07 | 0.10 | 78 | Short-Term Bond | CMFIX vs LCCMX | |
| GuidepathConservative Income Fund | 0.10 | 0.18 | 0.23 | 99 | Short-Term Bond | CMFIX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 0.12 | 0.14 | 0.22 | 98 | Short-Term Bond | CMFIX vs DFAIX | |
| GuidePath Absolute Return Allocation Fund | 0.12 | 0.32 | 0.31 | 55 | Short-Term Bond | CMFIX vs GPARX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.22 | 0.35 | 0.34 | 99 | Short-Term Bond | CMFIX vs DHEAX |
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