Looking to diversify beyond CVFCX? The mutual funds below have the lowest correlation with CVFCX — 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 CVFCX.
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 0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.01 | -0.00 | 0.00 | 100 | High Yield Bonds | CVFCX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.13 | 0.10 | 0.12 | 98 | Ultrashort Bond | CVFCX vs MYFRX | |
| Pioneer Securitized Income Fund | 0.23 | 0.16 | 0.11 | 73 | Nontraditional Bonds | CVFCX vs SYFFX | |
| Rational Equity Armor Fund | 0.46 | 0.50 | 0.63 | 55 | Large Cap Value Equities | CVFCX vs HDCTX | |
| Pioneer Fund | 0.56 | 0.63 | 0.75 | 54 | Large Cap Blend Equities | CVFCX vs PIODX |
See all 42 diversifiers for CVFCX
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