Looking to diversify beyond CMMVX? The mutual funds below have the lowest correlation with CMMVX — 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 CMMVX.
Best Diversifiers for CMMVX
1 mutual funds have low correlation with CMMVX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.17 | — | 70 | Diversified Portfolio | CMMVX vs MHELX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.31 | 0.33 | — | 70 | Diversified Portfolio | CMMVX vs HFRO | |
| Catholic Responsible Investments Short Duration Bo... | 0.33 | 0.24 | — | 85 | Short-Term Bond | CMMVX vs CRDSX | |
| Virtus Total Return Fund | 0.33 | 0.44 | — | 50 | Diversified Portfolio | CMMVX vs ZTR | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | — | 82 | Diversified Portfolio | CMMVX vs FCSRX |
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