Looking to diversify beyond CPGAX? The mutual funds below have the lowest correlation with CPGAX — 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 CPGAX.
Best Diversifiers for CPGAX
0 mutual funds have low correlation with CPGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.51, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.51 | 0.62 | 0.71 | 81 | Global Equities | CPGAX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.57 | 0.54 | 0.65 | 89 | Global Equities | CPGAX vs FMIEX | |
| SEI Institutional Investments Trust Global Managed... | 0.59 | 0.64 | 0.70 | 55 | Global Equities | CPGAX vs SGMAX | |
| T. Rowe Price Real Assets Fund | 0.59 | 0.66 | 0.73 | 57 | Global Equities | CPGAX vs PRAFX | |
| LSV Global Managed Volatility Fund | 0.61 | 0.65 | 0.71 | 89 | Global Equities | CPGAX vs LVAFX |
See all 23 diversifiers for CPGAX
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