Looking to diversify beyond CONWX? The mutual funds below have the lowest correlation with CONWX — 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 CONWX.
Best Diversifiers for CONWX
9 mutual funds have low correlation with CONWX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.07, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.07 | 0.11 | 0.46 | 63 | Diversified Portfolio | CONWX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.04 | 0.40 | 0.62 | 85 | Diversified Portfolio | CONWX vs CAPAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.06 | 0.05 | 0.04 | 91 | Long-Short | CONWX vs BDMIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.14 | 0.28 | 0.32 | 99 | Diversified Portfolio | CONWX vs STDAX | |
| Virtus Diversified Income & Convertible Fund | 0.16 | 0.38 | 0.48 | 65 | Diversified Portfolio | CONWX vs ACV |
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