Looking to diversify beyond CRF? The mutual funds below have the lowest correlation with CRF — 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 CRF.
Best Diversifiers for CRF
1 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 0.02, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.02 | 0.18 | 0.31 | 57 | MLPs, Energy Equities | CRF vs NML | |
| Baron Partners Fund | 0.37 | 0.42 | 0.43 | 59 | Large Cap Growth Equities | CRF vs BPTRX | |
| MainStay WMC International Research Equity Fund | 0.43 | 0.38 | 0.44 | 74 | Foreign Large Cap Equities | CRF vs MYIIX | |
| ICON Equity Fund | 0.46 | 0.45 | 0.47 | 73 | Large Cap Growth Equities | CRF vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.47 | 0.50 | 0.51 | 83 | Large Cap Growth Equities | CRF vs DNVYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRF and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Calumet Specialty Products Partners, L.P. | -0.07 | — | — | 97 | Energy | |
| DNP Select Income Fund Inc. | 0.21 | 0.21 | 0.25 | 94 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.22 | 0.29 | 0.36 | 68 | Financial Services | |
| Annaly Capital Management, Inc. | 0.32 | 0.35 | 0.39 | 85 | Real Estate | |
| Capital Southwest Corporation | 0.33 | 0.32 | 0.38 | 68 | Financial Services |
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