Looking to diversify beyond CPXIX? The mutual funds below have historically moved differently from CPXIX, 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 CPXIX
4 mutual funds have low correlation with CPXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Enhanced Lending Fund (CELFX) (Nontraditional Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.04 | 0.06 | 0.04 | 100 | Nontraditional Bonds | CPXIX vs CELFX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.20 | 0.37 | 0.40 | 79 | Infrastructure Equities, Global Equities | CPXIX vs CSUAX | |
| Cohen & Steers Real Assets Fund Inc | 0.20 | 0.35 | 0.38 | 65 | Global Allocation | CPXIX vs RAPZX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.20 | 0.37 | 0.39 | 80 | Infrastructure Equities, Energy Equities | CPXIX vs CSUIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.38 | 0.33 | 0.40 | 79 | Bank Loan | CPXIX vs RPIFX |
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