Looking to diversify beyond CPLIX? The mutual funds below have the lowest correlation with CPLIX — 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 CPLIX.
Best Diversifiers for CPLIX
10 mutual funds have low correlation with CPLIX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.17, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.17 | -0.06 | -0.01 | 63 | Long-Short | CPLIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.16 | -0.05 | -0.01 | 62 | Long-Short | CPLIX vs VMNFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.01 | — | — | 98 | Bank Loan | CPLIX vs CAPIX | |
| Guggenheim Alpha Opportunity Fund | 0.08 | 0.15 | 0.18 | 58 | Long-Short | CPLIX vs SAOAX | |
| Knights of Columbus Long/Short Equity Fund | 0.13 | 0.19 | 0.21 | 60 | Long-Short | CPLIX vs KCEIX |
See all 33 diversifiers for CPLIX
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