Looking to diversify beyond CPUIX? The mutual funds below have historically moved differently from CPUIX, 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 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 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 0.45 | 0.35 | 0.30 | 95 | Corporate Bonds | CPUIX vs MIFIX | |
| AAM/HIMCO Short Duration Fund | 0.59 | 0.71 | 0.66 | 98 | Ultrashort Bond | CPUIX vs ASDIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.77 | 0.83 | 0.82 | 86 | Corporate Bonds | CPUIX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.79 | 0.83 | 0.82 | 84 | Short-Term Bond, Corporate Bonds, Investment Grade Bonds | CPUIX vs VSCSX |
Diversification Analysis
Build a portfolio that complements CPUIX
Add CPUIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CPUIX