Looking to diversify beyond CSTAX? The mutual funds below have the lowest correlation with CSTAX — 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 CSTAX.
Best Diversifiers for CSTAX
1 mutual funds have low correlation with CSTAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.33 | 70 | Diversified Portfolio | CSTAX vs MHELX | |
| Concorde Wealth Management Fund | 0.35 | 0.45 | 0.52 | 55 | Diversified Portfolio | CSTAX vs CONWX | |
| Federated Hermes Capital Income Fund | 0.35 | 0.61 | 0.71 | 82 | Diversified Portfolio | CSTAX vs CAPAX | |
| Standpoint Multi-Asset Fund Institutional | 0.38 | 0.33 | 0.31 | 82 | Diversified Portfolio | CSTAX vs BLNDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.55 | 0.59 | 85 | Diversified Portfolio | CSTAX vs FSRAX |
See all 369 diversifiers for CSTAX
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