Looking to diversify beyond COFYX? The mutual funds below have the lowest correlation with COFYX — 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 COFYX.
Best Diversifiers for COFYX
4 mutual funds have low correlation with COFYX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.03, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.03 | 0.29 | 0.48 | 53 | Large Cap Value Equities | COFYX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.13 | 0.46 | 0.67 | 53 | Large Cap Value Equities | COFYX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.13 | 0.28 | 0.46 | 70 | Large Cap Value Equities | COFYX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.28 | 0.44 | 0.58 | 89 | Large Cap Value Equities | COFYX vs HFCVX | |
| Buffalo Flexible Income Fund | 0.32 | 0.54 | 0.66 | 71 | Large Cap Value Equities | COFYX vs BUFBX |
See all 40 diversifiers for COFYX
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