Looking to diversify beyond CPIEX? The mutual funds below have the lowest correlation with CPIEX — 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 CPIEX.
Best Diversifiers for CPIEX
7 mutual funds have low correlation with CPIEX (below 0.3), 2 of which are negatively correlated. The least correlated is Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) (Multistrategy) with a 1Y correlation of -0.03, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | -0.03 | -0.05 | -0.06 | 98 | Multistrategy | CPIEX vs SHRIX | |
| Knights of Columbus Long/Short Equity Fund | -0.00 | 0.24 | 0.42 | 60 | Long-Short | CPIEX vs KCEIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.06 | 0.01 | -0.01 | 100 | Multistrategy | CPIEX vs SRRIX | |
| Counterpoint Tactical Municipal Fund | 0.17 | -0.01 | -0.04 | 58 | High Yield Muni | CPIEX vs TMNIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.18 | 0.25 | 0.39 | 63 | Long-Short | CPIEX vs VMNIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CPIEX
Add CPIEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CPIEX