Looking to diversify beyond CMNVX? The mutual funds below have the lowest correlation with CMNVX — 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 CMNVX.
Best Diversifiers for CMNVX
1 mutual funds have low correlation with CMNVX (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 0.06, down from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | — | 67 | Diversified Portfolio | CMNVX vs MHELX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.31 | 0.34 | — | 71 | Diversified Portfolio | CMNVX vs HFRO | |
| Virtus Total Return Fund | 0.34 | 0.45 | — | 54 | Diversified Portfolio | CMNVX vs ZTR | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | — | 82 | Diversified Portfolio | CMNVX vs FCSRX | |
| Catholic Responsible Investments Short Duration Bo... | 0.38 | 0.33 | — | 89 | Short-Term Bond | CMNVX vs CRDSX |
See all 37 diversifiers for CMNVX
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