Looking to diversify beyond CVISX? The mutual funds below have historically moved differently from CVISX, 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 CVISX
2 mutual funds have low correlation with CVISX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.04, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.04 | 0.11 | 0.25 | 70 | Commodities | CVISX vs PCLAX | |
| Eaton Vance Floating Rate Fund | 0.27 | 0.28 | 0.33 | 51 | Bank Loan | CVISX vs EIBLX | |
| MFS Mid Cap Value Fund | 0.45 | 0.52 | 0.60 | 59 | Mid Cap Value Equities | CVISX vs MVCAX | |
| PIMCO RAE US Small Fund | 0.45 | 0.52 | 0.58 | 86 | Small Cap Value Equities | CVISX vs PMJIX | |
| Fuller & Thaler Behavioral Small-Cap Equity Fund | 0.46 | 0.52 | 0.58 | 78 | Small Cap Blend Equities | CVISX vs FTHNX |
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