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
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 -0.20, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.02 | — | 60 | Diversified Portfolio | CMNVX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.16 | — | 67 | Diversified Portfolio | CMNVX vs MHELX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.29 | 0.34 | — | 82 | Diversified Portfolio | CMNVX vs HFRO | |
| Virtus Total Return Fund | 0.33 | 0.45 | — | 66 | Diversified Portfolio | CMNVX vs ZTR | |
| Canoe EIT Income Fund | 0.34 | 0.44 | 0.45 | 87 | Diversified Portfolio | CMNVX vs EIT-UN.TO |
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