Looking to diversify beyond CPUIX? The mutual funds below have the lowest correlation with CPUIX — 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 CPUIX.
Best Diversifiers for CPUIX
0 mutual funds have low correlation with CPUIX (below 0.3), 0 of which are negatively correlated. The least correlated is Miller Intermediate Bond Fund (MIFIX) (Corporate Bonds) with a 1Y correlation of 0.45, up from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 0.45 | 0.35 | 0.29 | 91 | Corporate Bonds | CPUIX vs MIFIX | |
| AAM/HIMCO Short Duration Fund | 0.61 | 0.71 | 0.64 | 98 | Ultrashort Bond | CPUIX vs ASDIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.78 | 0.84 | 0.81 | 81 | Corporate Bonds | CPUIX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.79 | 0.83 | 0.81 | 78 | Corporate Bonds | CPUIX vs VSCSX |
Diversification Analysis
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