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
2 mutual funds have low correlation with CSTAX (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 -0.04, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.04 | 0.18 | 0.28 | 73 | Diversified Portfolio | CSTAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.34 | 64 | Diversified Portfolio | CSTAX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.30 | 0.61 | 0.71 | 85 | Diversified Portfolio | CSTAX vs CAPAX | |
| Concorde Wealth Management Fund | 0.34 | 0.45 | 0.52 | 71 | Diversified Portfolio | CSTAX vs CONWX | |
| Standpoint Multi-Asset Fund Institutional | 0.37 | 0.33 | 0.31 | 75 | Diversified Portfolio | CSTAX vs BLNDX |
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