Looking to diversify beyond CPMPX? The mutual funds below have the lowest correlation with CPMPX — 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 CPMPX.
Best Diversifiers for CPMPX
11 mutual funds have low correlation with CPMPX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.00 | -0.04 | -0.01 | 100 | High Yield Bonds | CPMPX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.01 | 0.02 | 0.04 | 100 | High Yield Bonds | CPMPX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.16 | 0.11 | 0.14 | 99 | High Yield Bonds | CPMPX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.18 | 0.43 | 0.45 | 52 | High Yield Bonds | CPMPX vs RCRYX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.22 | 0.25 | 0.27 | 94 | High Yield Bonds | CPMPX vs FIQSX |
See all 120 diversifiers for CPMPX
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