Looking to diversify beyond CSMCX? The mutual funds below have historically moved differently from CSMCX, 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 CSMCX
0 mutual funds have low correlation with CSMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica Small/Mid Cap Value Fund (IIVAX) (Mid Cap Value Equities) with a 1Y correlation of 0.69, down from 0.81 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Small/Mid Cap Value Fund | 0.69 | 0.77 | 0.81 | 76 | Mid Cap Value Equities | CSMCX vs IIVAX | |
| Driehaus Micro Cap Growth Fund | 0.73 | 0.80 | 0.84 | 82 | Small Cap Growth Equities | CSMCX vs DMCRX | |
| Amana Growth Fund Investor Shares | 0.73 | 0.72 | 0.78 | 54 | Large Cap Growth Equities | CSMCX vs AMAGX | |
| Oberweis Micro Cap Fund | 0.78 | 0.85 | 0.88 | 79 | Small Cap Growth Equities | CSMCX vs OBMCX | |
| Calamos Timpani Small Cap Growth Fund | 0.79 | 0.83 | 0.87 | 55 | Small Cap Growth Equities | CSMCX vs CTSIX |
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