Looking to diversify beyond CVLOX? The mutual funds below have historically moved differently from CVLOX, 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 CVLOX
7 mutual funds have low correlation with CVLOX (below 0.3), 0 of which are negatively correlated. The least correlated is Wilmington Real Asset Fund (WMRIX) (Global Allocation) with a 1Y correlation of 0.21, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Real Asset Fund | 0.21 | 0.37 | 0.48 | 90 | Global Allocation | CVLOX vs WMRIX | |
| Lazard Real Assets Portfolio | 0.25 | 0.38 | 0.53 | 90 | Global Allocation | CVLOX vs RALIX | |
| MH Elite Select Portfolio of Funds Fund | 0.25 | 0.34 | 0.60 | 68 | Global Allocation | CVLOX vs MHESX | |
| Nuveen Real Asset Income Fund | 0.26 | 0.38 | 0.56 | 85 | Global Allocation | CVLOX vs NRIIX | |
| LoCorr Macro Strategies Fund Class I | 0.27 | 0.18 | 0.03 | 79 | Global Allocation | CVLOX vs LFMIX |
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