Looking to diversify beyond CSQ? The mutual funds below have historically moved differently from CSQ, 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 CSQ
12 mutual funds have low correlation with CSQ (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.32, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.32 | -0.12 | 0.02 | 83 | Diversified Portfolio | CSQ vs SIFAX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.09 | — | — | 99 | Bank Loan | CSQ vs CAPIX | |
| MH Elite Small Cap Fund of Funds Fund | 0.19 | 0.19 | 0.47 | 66 | Diversified Portfolio | CSQ vs MHELX | |
| DWS RREEF Real Assets Fund - Class A | 0.22 | 0.41 | 0.53 | 77 | Diversified Portfolio | CSQ vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.40 | 0.48 | 89 | Diversified Portfolio | CSQ vs FCSRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CSQ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.21, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.21 | 0.02 | 0.18 | 56 | Financial Services | |
| Johnson & Johnson | -0.21 | -0.05 | 0.10 | 97 | Healthcare | |
| Realty Income Corporation | -0.11 | 0.06 | 0.23 | 77 | Real Estate | |
| Walmart Inc. | -0.11 | 0.12 | 0.24 | 62 | Consumer Defensive | |
| AbbVie Inc. | -0.08 | 0.05 | 0.12 | 81 | Healthcare |
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Build a portfolio that complements CSQ
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