Looking to diversify beyond CZMGX? The mutual funds below have historically moved differently from CZMGX, 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 CZMGX
0 mutual funds have low correlation with CZMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.38, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.38 | 0.29 | 0.12 | 66 | Systematic Trend | CZMGX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.42 | 0.26 | 0.14 | 97 | Equity Market Neutral | CZMGX vs BDMIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.57 | 0.53 | 0.61 | 64 | Derivative Income | CZMGX vs BDJ | |
| Davis New York Venture Fund Class Y | 0.63 | 0.70 | 0.76 | 90 | Large Cap Growth Equities | CZMGX vs DNVYX | |
| ICON Equity Fund | 0.64 | 0.59 | 0.71 | 80 | Large Cap Growth Equities | CZMGX vs IOLZX |
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