Looking to diversify beyond CMIUX? The mutual funds below have historically moved differently from CMIUX, 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 CMIUX
3 mutual funds have low correlation with CMIUX (below 0.3), 0 of which are negatively correlated. The least correlated is Six Circles Ultra Short Duration Fund (CUSDX) (Ultrashort Bond) with a 1Y correlation of 0.16, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Six Circles Ultra Short Duration Fund | 0.16 | 0.11 | 0.07 | 99 | Ultrashort Bond | CMIUX vs CUSDX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.26 | 0.17 | 0.10 | 63 | Ultrashort Bond | CMIUX vs CUTAX | |
| Six Circles Tax Aware Bond Fund | 0.27 | 0.22 | 0.17 | 84 | Municipal Bonds | CMIUX vs CBTAX | |
| The Central and Eastern Europe Fund | 0.42 | 0.37 | 0.34 | 55 | Europe Equities | CMIUX vs CEE | |
| Six Circles Credit Opportunities Fund | 0.52 | 0.48 | 0.49 | 80 | High Yield Bonds | CMIUX vs CRDOX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMIUX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.10, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.10 | 0.29 | 0.43 | 61 | Financial Services |
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