Looking to diversify beyond CRMVX? The mutual funds below have the lowest correlation with CRMVX — 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 CRMVX.
Best Diversifiers for CRMVX
41 mutual funds have low correlation with CRMVX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.08 | 0.13 | 0.08 | 99 | Multisector Bonds | CRMVX vs NWXHX | |
| Nationwide Strategic Income A | -0.05 | 0.12 | 0.08 | 99 | Multisector Bonds | CRMVX vs NWXEX | |
| Federated Hermes Strategic Income Fund | 0.02 | 0.41 | 0.27 | 56 | Multisector Bonds | CRMVX vs SINCX | |
| Axonic Strategic Income Fund | 0.05 | 0.23 | 0.18 | 87 | Multisector Bonds | CRMVX vs AXSIX | |
| CION Ares Diversified Credit Fund Class I | 0.06 | 0.18 | 0.15 | 52 | Multisector Bonds | CRMVX vs CADUX |
See all 49 diversifiers for CRMVX
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