Looking to diversify beyond CMUVX? The mutual funds below have historically moved differently from CMUVX, 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 CMUVX
4 mutual funds have low correlation with CMUVX (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 -0.23, down from -0.07 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... | -0.23 | -0.07 | — | 83 | Diversified Portfolio | CMUVX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | — | 68 | Diversified Portfolio | CMUVX vs MHELX | |
| Catholic Responsible Investments Short Duration Bo... | 0.28 | 0.19 | — | 92 | Short-Term Bond | CMUVX vs CRDSX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.29 | 0.32 | — | 83 | Diversified Portfolio | CMUVX vs HFRO | |
| Virtus Total Return Fund | 0.34 | 0.43 | — | 67 | Diversified Portfolio | CMUVX vs ZTR |
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