Looking to diversify beyond CZAMX? The mutual funds below have the lowest correlation with CZAMX — 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 CZAMX.
Best Diversifiers for CZAMX
7 mutual funds have low correlation with CZAMX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Diversified Arbitrage Fund Class N (ADANX) (Multistrategy) with a 1Y correlation of -0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.02 | 0.09 | 0.18 | 99 | Multistrategy | CZAMX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 0.05 | 0.11 | 0.20 | 99 | Multistrategy | CZAMX vs ADAIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.09 | 0.05 | 0.03 | 100 | Multistrategy | CZAMX vs SRRIX | |
| FS Credit Income Fund Class I | 0.12 | 0.28 | 0.26 | 97 | Multistrategy | CZAMX vs FCRIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.12 | 0.04 | 0.03 | 98 | Multistrategy | CZAMX vs SHRIX |
See all 28 diversifiers for CZAMX
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