Looking to diversify beyond CUTAX? The mutual funds below have historically moved differently from CUTAX, 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 CUTAX
64 mutual funds have low correlation with CUTAX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO Short Asset Investment Fund (PAIPX) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Short Asset Investment Fund | -0.04 | 0.01 | 0.03 | 100 | Ultrashort Bond | CUTAX vs PAIPX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | -0.03 | 0.00 | 0.05 | 99 | Ultrashort Bond | CUTAX vs UGSDX | |
| Western Asset Ultra-Short Income Fund | 0.05 | 0.07 | 0.07 | 98 | Ultrashort Bond | CUTAX vs ARMGX | |
| Fidelity Series Treasury Bill Index Fund | 0.05 | 0.02 | 0.07 | 100 | Ultrashort Bond | CUTAX vs FHQFX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.05 | 0.11 | 0.07 | 99 | Ultrashort Bond | CUTAX vs TSDUX |
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