Looking to diversify beyond CPTNX? The mutual funds below have historically moved differently from CPTNX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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) (Dividend) with a 1Y correlation of 0.25, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund Class I | 0.25 | 0.23 | 0.15 | 84 | Dividend, Large Cap Value Equities | CPTNX vs ACIIX | |
| American Century Equity Income Fund | 0.26 | 0.24 | 0.16 | 83 | Dividend, Large Cap Value Equities | CPTNX vs TWEIX | |
| GMO U.S. Treasury Fund | 0.29 | 0.15 | 0.11 | 99 | Government Bonds | CPTNX vs GUSTX | |
| American Century Disciplined Core Value Fund | 0.32 | 0.21 | 0.11 | 90 | Large Cap Value Equities | CPTNX vs BIGRX | |
| DFA Short-Term Government Portfolio | 0.34 | 0.10 | 0.35 | 99 | Government Bonds | CPTNX vs DFFGX |
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