Looking to diversify beyond CZAMX? The mutual funds below have historically moved differently from CZAMX, 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 CZAMX
11 mutual funds have low correlation with CZAMX (below 0.3), 3 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.16, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.16 | -0.05 | -0.01 | 90 | Multistrategy | CZAMX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.14 | -0.05 | -0.01 | 90 | Multistrategy | CZAMX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.13 | -0.04 | -0.01 | 89 | Multistrategy | CZAMX vs QSPNX | |
| AQR Diversified Arbitrage Fund Class N | 0.00 | 0.06 | 0.17 | 99 | Multistrategy | CZAMX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 0.07 | 0.09 | 0.19 | 99 | Multistrategy | CZAMX vs ADAIX |
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