Looking to diversify beyond CUTAX? The mutual funds below have the lowest correlation with CUTAX — 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 CUTAX.
Best Diversifiers for CUTAX
63 mutual funds have low correlation with CUTAX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Short Asset Investment Fund (PAIPX) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Short Asset Investment Fund | -0.06 | -0.00 | 0.03 | 100 | Ultrashort Bond | CUTAX vs PAIPX | |
| Western Asset Ultra-Short Income Fund | 0.00 | 0.05 | 0.06 | 98 | Ultrashort Bond | CUTAX vs ARMGX | |
| Fidelity Series Treasury Bill Index Fund | 0.01 | 0.03 | 0.07 | 100 | Ultrashort Bond | CUTAX vs FHQFX | |
| Federated Hermes Government Ultrashort Fund | 0.02 | 0.04 | — | 99 | Ultrashort Bond | CUTAX vs FGUSX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.03 | 0.08 | 0.07 | 99 | Ultrashort Bond | CUTAX vs MUIIX |
See all 65 diversifiers for CUTAX
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