Looking to diversify beyond CPEAX? The mutual funds below have historically moved differently from CPEAX, 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 CPEAX
1 mutual funds have low correlation with CPEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/CIFC Floating Rate Income Fund (CFRIX) (Bank Loan) with a 1Y correlation of 0.26, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/CIFC Floating Rate Income Fund | 0.26 | 0.26 | 0.25 | 70 | Bank Loan | CPEAX vs CFRIX | |
| Catalyst Insider Income Fund | 0.34 | 0.28 | 0.38 | 91 | Short-Term Bond | CPEAX vs IIXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.40 | 0.39 | 0.43 | 89 | Multistrategy, Systematic Trend, Global Equities | CPEAX vs MBXAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.40 | 0.39 | 0.43 | 90 | Multistrategy, Systematic Trend, Global Equities | CPEAX vs MBXIX | |
| Catalyst/MAP Global Balanced Fund | 0.58 | 0.60 | 0.70 | 68 | Global Allocation | CPEAX vs TRXAX |
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