Looking to diversify beyond CWGIX? The mutual funds below have the lowest correlation with CWGIX — 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 CWGIX.
Best Diversifiers for CWGIX
2 mutual funds have low correlation with CWGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.24, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.24 | 0.40 | 0.56 | 75 | Global Equities | CWGIX vs CSUAX | |
| American Funds Short-Term Bond Fund of America | 0.24 | 0.13 | 0.11 | 55 | Short-Term Bond | CWGIX vs ASBAX | |
| Nuveen Global Infrastructure Fund Class A | 0.30 | 0.48 | 0.64 | 68 | Global Equities | CWGIX vs FGIAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.31 | 0.13 | 0.16 | 95 | Intermediate Core-Plus Bond | CWGIX vs LCTRX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.48 | 0.61 | 0.72 | 69 | Global Equities | CWGIX vs VMNVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CWGIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CWGIX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.54, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.54 | 0.51 | 0.52 | 63 | Consumer Cyclical | |
| NVIDIA Corporation | 0.56 | 0.57 | 0.63 | 65 | Technology |
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