Looking to diversify beyond CZMSX? The mutual funds below have the lowest correlation with CZMSX — 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 CZMSX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.27, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.27 | 0.14 | 0.06 | 95 | Long-Short | CZMSX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.33 | 0.25 | 0.12 | 60 | Systematic Trend | CZMSX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.52 | 0.58 | 0.68 | 66 | Technology Equities | CZMSX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.62 | 0.63 | 0.71 | 70 | Large Cap Growth Equities | CZMSX vs NASDX | |
| Auer Growth Fund | 0.74 | 0.79 | 0.81 | 83 | Small Cap Blend Equities | CZMSX vs AUERX |
See all 39 diversifiers for CZMSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CZMSX
Add CZMSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CZMSX