Looking to diversify beyond CPGAX? The mutual funds below have historically moved differently from CPGAX, 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 CPGAX
3 mutual funds have low correlation with CPGAX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.01, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.01 | 0.43 | 0.56 | 70 | Quality Factor, Global Equities | CPGAX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.17 | 0.35 | 0.50 | 79 | Infrastructure Equities, Global Equities | CPGAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.26 | 0.43 | 0.58 | 66 | Infrastructure Equities, Global Equities | CPGAX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.31 | 0.54 | 0.66 | 53 | Global Equities, Low Volatility | CPGAX vs SVTAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.42 | 0.38 | 0.40 | 90 | Multistrategy, Systematic Trend, Global Equities | CPGAX vs MBXIX |
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