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), 1 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of -0.01, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -0.01 | 0.22 | 0.40 | 61 | Long-Short | CPIEX vs KCEIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.01 | -0.04 | -0.06 | 98 | Multistrategy | CPIEX vs SHRIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.07 | 0.02 | -0.02 | 100 | Multistrategy | CPIEX vs SRRIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.15 | 0.24 | 0.39 | 86 | Long-Short | CPIEX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.16 | 0.25 | 0.39 | 86 | Long-Short | CPIEX vs VMNFX |
See all 25 diversifiers for CPIEX
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Diversification Analysis
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