Looking to diversify beyond CPITX? The mutual funds below have the lowest correlation with CPITX — 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 CPITX.
Best Diversifiers for CPITX
10 mutual funds have low correlation with CPITX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.24, roughly unchanged from -0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.24 | -0.22 | — | 99 | Nontraditional Bonds | CPITX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.06 | 0.06 | 0.08 | 83 | Nontraditional Bonds | CPITX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | -0.05 | -0.00 | 0.03 | 66 | Nontraditional Bonds | CPITX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.03 | — | — | 100 | Nontraditional Bonds | CPITX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.09 | 0.06 | 0.09 | 99 | Nontraditional Bonds | CPITX vs SCFZX |
See all 20 diversifiers for CPITX
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