Looking to diversify beyond CNSDX? The mutual funds below have historically moved differently from CNSDX, 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 CNSDX
1 mutual funds have low correlation with CNSDX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.27, up from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.27 | 0.10 | 0.17 | 75 | Convertible Bonds | CNSDX vs LEOOX | |
| Invesco Comstock Fund | 0.52 | 0.64 | 0.70 | 83 | Large Cap Value Equities | CNSDX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.56 | 0.71 | 0.79 | 69 | S&P 500 | CNSDX vs VADDX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.57 | 0.72 | 0.79 | 68 | Large Cap Blend Equities | CNSDX vs VADAX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 0.61 | 0.42 | 0.50 | 100 | Multistrategy, Convertible Bonds | CNSDX vs ARBIX |
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