Looking to diversify beyond CRMVX? The mutual funds below have historically moved differently from CRMVX, 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 CRMVX
36 mutual funds have low correlation with CRMVX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.02 | 0.14 | 0.10 | 99 | Multisector Bonds | CRMVX vs NWXHX | |
| Easterly Income Opportunities Fund | 0.02 | 0.26 | 0.16 | 82 | Multisector Bonds | CRMVX vs JSVIX | |
| JPMorgan Income Fund Class I | 0.05 | 0.35 | 0.23 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | CRMVX vs JMSIX | |
| Axonic Strategic Income Fund | 0.05 | 0.22 | 0.18 | 94 | Multisector Bonds | CRMVX vs AXSIX | |
| JPMorgan Income Fund Class A | 0.06 | 0.33 | 0.22 | 85 | Multisector Bonds | CRMVX vs JGIAX |
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