Looking to diversify beyond COTZX? The mutual funds below have the lowest correlation with COTZX — 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 COTZX.
Best Diversifiers for COTZX
2 mutual funds have low correlation with COTZX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.07, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.07 | 0.09 | 0.00 | 75 | Tactical Allocation | COTZX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.28 | 0.41 | 0.25 | 80 | Tactical Allocation | COTZX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.42 | 0.30 | 0.04 | 88 | Tactical Allocation | COTZX vs QDSNX | |
| Donoghue Forlines Dividend Fund | 0.48 | 0.55 | 0.52 | 71 | Tactical Allocation | COTZX vs PWDIX | |
| Invesco Balanced-Risk Allocation Fund | 0.51 | 0.55 | 0.56 | 90 | Tactical Allocation | COTZX vs ABRYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COTZX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COTZX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.45, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.45 | 0.44 | 0.45 | 76 | Technology |
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