Looking to diversify beyond CMLIX? The mutual funds below have historically moved differently from CMLIX, 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 CMLIX
0 mutual funds have low correlation with CMLIX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON Equity Fund (IOLZX) (Large Cap Growth Equities) with a 1Y correlation of 0.64, roughly unchanged from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON Equity Fund | 0.64 | 0.62 | 0.72 | 80 | Large Cap Growth Equities | CMLIX vs IOLZX | |
| American Growth Fund Series One | 0.68 | 0.77 | 0.83 | 56 | Large Cap Growth Equities | CMLIX vs AMRGX | |
| Davis New York Venture Fund Class Y | 0.69 | 0.71 | 0.77 | 90 | Large Cap Growth Equities | CMLIX vs DNVYX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.72 | 0.66 | 0.71 | 76 | Foreign Large Cap Equities | CMLIX vs VTMGX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.74 | 0.81 | 0.87 | 90 | Large Cap Growth Equities | CMLIX vs VPMCX |
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