Looking to diversify beyond CVFCX? The mutual funds below have historically moved differently from CVFCX, 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 CVFCX
3 mutual funds have low correlation with CVFCX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.02, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.02 | -0.00 | -0.00 | 100 | High Yield Bonds | CVFCX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.11 | 0.10 | 0.11 | 99 | Ultrashort Bond | CVFCX vs MYFRX | |
| Pioneer Securitized Income Fund | 0.19 | 0.15 | 0.10 | 80 | Nontraditional Bonds | CVFCX vs SYFFX | |
| AMG Yacktman Focused Fund | 0.35 | 0.60 | 0.75 | 89 | Large Cap Value Equities | CVFCX vs YAFFX | |
| GQG Partners US Quality Dividend Income Fund | 0.38 | 0.58 | 0.69 | 62 | Quality Factor, Large Cap Value Equities | CVFCX vs GQHPX |
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