Looking to diversify beyond CMGIX? The mutual funds below have the lowest correlation with CMGIX — 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 CMGIX.
Best Diversifiers for CMGIX
1 mutual funds have low correlation with CMGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Limited Duration Fund (GILHX) (Short-Term Bond) with a 1Y correlation of 0.24, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Limited Duration Fund | 0.24 | 0.17 | 0.18 | 88 | Short-Term Bond | CMGIX vs GILHX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.34 | 0.17 | 0.09 | 95 | Long-Short | CMGIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.35 | 0.26 | 0.09 | 60 | Systematic Trend | CMGIX vs ASFYX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.56 | 0.64 | 0.69 | 64 | Mid Cap Value Equities | CMGIX vs VMVAX | |
| Baron Focused Growth Fund Institutional Shares | 0.59 | 0.73 | 0.79 | 54 | Mid Cap Growth Equities | CMGIX vs BFGIX |
See all 35 diversifiers for CMGIX
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