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 BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.37, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.37 | 0.24 | 0.12 | 96 | Equity Market Neutral | CZMGX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.28 | 0.12 | 51 | Systematic Trend | CZMGX vs ASFYX | |
| Davis New York Venture Fund Class Y | 0.61 | 0.70 | 0.76 | 81 | Large Cap Growth Equities | CZMGX vs DNVYX | |
| ICON Equity Fund | 0.62 | 0.59 | 0.70 | 76 | Large Cap Growth Equities | CZMGX vs IOLZX | |
| One Rock Fund | 0.75 | 0.82 | 0.86 | 89 | Large Cap Growth Equities | CZMGX vs ONERX |
See all 26 diversifiers for CZMGX
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