Looking to diversify beyond CRF? The mutual funds below have historically moved differently from CRF, 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 CRF
2 mutual funds have low correlation with CRF (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of 0.01, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.01 | 0.18 | 0.30 | 66 | MLPs, Energy Equities | CRF vs NML | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.08 | 0.12 | 96 | Large Cap Blend Equities | CRF vs SVPFX | |
| Rock Oak Core Growth Fund | 0.36 | 0.42 | 0.48 | 91 | Large Cap Blend Equities | CRF vs RCKSX | |
| MainStay WMC International Research Equity Fund | 0.41 | 0.38 | 0.43 | 84 | Foreign Large Cap Equities | CRF vs MYIIX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.42 | 0.49 | 0.52 | 88 | Large Cap Blend Equities | CRF vs RESGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Calumet Specialty Products Partners, L.P. | -0.08 | — | — | 98 | Energy | |
| DNP Select Income Fund Inc. | 0.22 | 0.21 | 0.25 | 90 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.22 | 0.29 | 0.36 | 64 | Financial Services | |
| Capital Southwest Corporation | 0.31 | 0.33 | 0.38 | 72 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.33 | 0.33 | 0.33 | 62 | Technology |
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