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
11 mutual funds have low correlation with CZAMX (below 0.3), 4 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.15, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.15 | -0.06 | -0.02 | 71 | Multistrategy | CZAMX vs QSPRX | |
| AQR Style Premia Alternative Fund | -0.14 | -0.05 | -0.02 | 70 | Multistrategy | CZAMX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.14 | -0.05 | -0.02 | 67 | Multistrategy | CZAMX vs QSPNX | |
| AQR Diversified Arbitrage Fund Class N | -0.02 | 0.08 | 0.18 | 99 | Multistrategy | CZAMX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 0.05 | 0.10 | 0.19 | 99 | Multistrategy | CZAMX vs ADAIX |
See all 31 diversifiers for CZAMX
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