Looking to diversify beyond COAGX? The mutual funds below have the lowest correlation with COAGX — 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 COAGX.
Best Diversifiers for COAGX
9 mutual funds have low correlation with COAGX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.12, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.12 | 0.01 | 0.11 | 85 | Long-Short | COAGX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.10 | 0.01 | 0.12 | 85 | Long-Short | COAGX vs VMNFX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.12 | 0.09 | 0.04 | 95 | Long-Short | COAGX vs BDMIX | |
| Knights of Columbus Long/Short Equity Fund | 0.17 | 0.33 | 0.37 | 60 | Long-Short | COAGX vs KCEIX | |
| AQR Long-Short Equity Fund | 0.18 | 0.37 | 0.42 | 53 | Long-Short | COAGX vs QLEIX |
See all 16 diversifiers for COAGX
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