Looking to diversify beyond CPXIX? The mutual funds below have the lowest correlation with CPXIX — 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 CPXIX.
Best Diversifiers for CPXIX
3 mutual funds have low correlation with CPXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) (Energy Equities) with a 1Y correlation of 0.06, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.06 | 0.25 | 0.27 | 95 | Energy Equities | CPXIX vs MLOZX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.26 | 0.40 | 0.40 | 53 | Energy Equities | CPXIX vs CSUIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.26 | 0.40 | 0.40 | 51 | Global Equities | CPXIX vs CSUAX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.39 | 0.34 | 0.41 | 88 | Bank Loan | CPXIX vs RPIFX | |
| Lord Abbett Convertible Fund Class F | 0.40 | 0.39 | 0.42 | 83 | Preferred Stock/Convertible Bonds | CPXIX vs LBFFX |
See all 21 diversifiers for CPXIX
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