Looking to diversify beyond CZMGX? The mutual funds below have the lowest correlation with CZMGX — 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 CZMGX.
Best Diversifiers for CZMGX
0 mutual funds have low correlation with CZMGX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.38, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.38 | 0.28 | 0.12 | 60 | Systematic Trend | CZMGX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.39 | 0.25 | 0.13 | 95 | Long-Short | CZMGX vs BDMIX | |
| ICON Equity Fund | 0.59 | 0.58 | 0.70 | 84 | Large Cap Growth Equities | CZMGX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.62 | 0.70 | 0.76 | 80 | Large Cap Growth Equities | CZMGX vs DNVYX | |
| PrimeCap Odyssey Growth Fund | 0.76 | 0.80 | 0.86 | 93 | Large Cap Growth Equities | CZMGX vs POGRX |
See all 28 diversifiers for CZMGX
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