Looking to diversify beyond CNGLX? The mutual funds below have the lowest correlation with CNGLX — 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 CNGLX.
Best Diversifiers for CNGLX
0 mutual funds have low correlation with CNGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.44, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.44 | 0.51 | 0.61 | 51 | Global Equities | CNGLX vs CSUAX | |
| Commonwealth Japan Fund | 0.50 | 0.50 | 0.56 | 59 | Japan Equities | CNGLX vs CNJFX | |
| T. Rowe Price Global Technology Fund I Class | 0.57 | 0.64 | 0.67 | 87 | Technology Equities, Global Equities | CNGLX vs PGTIX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.60 | 0.71 | 0.77 | 76 | Global Equities | CNGLX vs RTXAX | |
| Polaris Global Value Fund | 0.61 | 0.73 | 0.79 | 92 | Global Equities | CNGLX vs PGVFX |
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