Looking to diversify beyond CZMSX? The mutual funds below have historically moved differently from CZMSX, 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 CZMSX
1 mutual funds have low correlation with CZMSX (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 0.28, up from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.28 | 0.14 | 0.05 | 97 | Equity Market Neutral | CZMSX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.32 | 0.26 | 0.11 | 66 | Systematic Trend | CZMSX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.62 | 0.64 | 0.69 | 64 | Derivative Income | CZMSX vs BDJ | |
| DFA International Small Company Portfolio | 0.65 | 0.67 | 0.70 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | CZMSX vs DFISX | |
| Hennessy Cornerstone Growth Fund | 0.71 | 0.82 | 0.81 | 53 | Small Cap Blend Equities | CZMSX vs HFCGX |
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