Looking to diversify beyond CPTNX? The mutual funds below have the lowest correlation with CPTNX — 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 CPTNX.
Best Diversifiers for CPTNX
3 mutual funds have low correlation with CPTNX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Equity Income Fund Class I (ACIIX) (Large Cap Value Equities) with a 1Y correlation of 0.27, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund Class I | 0.27 | 0.23 | 0.14 | 52 | Large Cap Value Equities | CPTNX vs ACIIX | |
| American Century Equity Income Fund | 0.29 | 0.24 | 0.15 | 51 | Large Cap Value Equities | CPTNX vs TWEIX | |
| DFA Short-Term Government Portfolio | 0.29 | 0.09 | 0.35 | 59 | Government Bonds | CPTNX vs DFFGX | |
| GMO U.S. Treasury Fund | 0.31 | 0.14 | 0.11 | 99 | Government Bonds | CPTNX vs GUSTX | |
| American Century Disciplined Core Value Fund | 0.32 | 0.21 | 0.10 | 82 | Large Cap Value Equities | CPTNX vs BIGRX |
See all 13 diversifiers for CPTNX
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