Looking to diversify beyond CPPAX? The mutual funds below have the lowest correlation with CPPAX — 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 CPPAX.
Best Diversifiers for CPPAX
7 mutual funds have low correlation with CPPAX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.01 | 0.04 | 0.13 | 75 | Short-Term Bond | CPPAX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.04 | 0.04 | 0.36 | 66 | Short-Term Bond | CPPAX vs DFCFX | |
| American Funds Fundamental Investors Class A | 0.21 | 0.12 | 0.13 | 75 | Large Cap Blend Equities | CPPAX vs ANCFX | |
| DFA Short-Duration Real Return Portfolio | 0.21 | 0.26 | 0.42 | 99 | Short-Term Bond | CPPAX vs DFAIX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.22 | 0.15 | 0.13 | 71 | Large Cap Blend Equities | CPPAX vs VTSAX |
See all 22 diversifiers for CPPAX
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