Looking to diversify beyond CSTAX? The mutual funds below have historically moved differently from CSTAX, 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 CSTAX
2 mutual funds have low correlation with CSTAX (below 0.3), 2 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 -0.12, down from 0.25 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... | -0.12 | 0.12 | 0.25 | 77 | Diversified Portfolio | CSTAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.10 | 0.32 | 66 | Diversified Portfolio | CSTAX vs MHELX | |
| Concorde Wealth Management Fund | 0.32 | 0.44 | 0.51 | 86 | Diversified Portfolio | CSTAX vs CONWX | |
| Hennessy Total Return Fund | 0.32 | 0.43 | 0.47 | 68 | Diversified Portfolio | CSTAX vs HDOGX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.34 | 0.54 | 0.58 | 91 | Diversified Portfolio | CSTAX vs FSRKX |
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