Looking to diversify beyond CMNVX? The mutual funds below have historically moved differently from CMNVX, 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 CMNVX
3 mutual funds have low correlation with CMNVX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.05 | — | 83 | Diversified Portfolio | CMNVX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | — | 66 | Diversified Portfolio | CMNVX vs MHELX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.27 | 0.33 | — | 84 | Diversified Portfolio | CMNVX vs HFRO | |
| Virtus Total Return Fund | 0.34 | 0.44 | — | 72 | Diversified Portfolio | CMNVX vs ZTR | |
| Canoe EIT Income Fund | 0.34 | 0.45 | — | 95 | Diversified Portfolio | CMNVX vs EIT-UN.TO |
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