Looking to diversify beyond CSZIX? The mutual funds below have historically moved differently from CSZIX, 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 CSZIX
16 mutual funds have low correlation with CSZIX (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.19 | — | — | 99 | REIT | CSZIX vs QREARX | |
| Fidelity OTC Portfolio Class K | -0.02 | 0.17 | 0.37 | 81 | Large Cap Growth Equities | CSZIX vs FOCKX | |
| Fidelity Growth Company Fund | 0.00 | 0.20 | 0.39 | 57 | Large Cap Growth Equities | CSZIX vs FDGRX | |
| Redwood Real Estate Income Fund | 0.04 | 0.02 | 0.02 | 100 | REIT | CSZIX vs CREMX | |
| American Funds New World Fund® Class R-6 | 0.07 | 0.29 | 0.44 | 59 | Emerging Markets Equities | CSZIX vs RNWGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CSZIX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.08, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.02 | 0.22 | 59 | Technology | |
| Celestica Inc. | -0.05 | 0.08 | 0.23 | 77 | Technology | |
| Fortinet, Inc. | 0.02 | 0.14 | 0.30 | 83 | Technology | |
| Amazon.com, Inc | 0.03 | 0.10 | 0.25 | 70 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.07 | 0.12 | 0.28 | 95 | Communication Services |
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