Looking to diversify beyond COTZX? The mutual funds below have historically moved differently from COTZX, 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 COTZX
1 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 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.07 | 0.11 | 0.02 | 85 | Tactical Allocation | COTZX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.34 | 0.41 | 0.27 | 84 | Tactical Allocation | COTZX vs QEVOX | |
| Timothy Plan Defensive Strategies Fund Class I | 0.38 | 0.44 | 0.51 | 70 | Tactical Allocation | COTZX vs TPDIX | |
| Donoghue Forlines Dividend Fund | 0.38 | 0.52 | 0.51 | 91 | Tactical Allocation | COTZX vs PWDIX | |
| AQR Diversifying Strategies Fund Class N | 0.39 | 0.30 | 0.04 | 92 | Tactical Allocation | COTZX vs QDSNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COTZX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.48, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.48 | 0.44 | 0.45 | 56 | Technology |
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