Looking to diversify beyond CZMVX? The mutual funds below have historically moved differently from CZMVX, 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 CZMVX
3 mutual funds have low correlation with CZMVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Institutional High Yield Bond Fund (FIHBX) (High Yield Bonds) with a 1Y correlation of 0.16, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Institutional High Yield Bond Fun... | 0.16 | 0.30 | 0.40 | 64 | High Yield Bonds | CZMVX vs FIHBX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.23 | 0.12 | 0.08 | 97 | Equity Market Neutral | CZMVX vs BDMIX | |
| GQG Partners US Quality Dividend Income Fund | 0.30 | 0.59 | 0.71 | 62 | Quality Factor, Large Cap Value Equities | CZMVX vs GQHPX | |
| Nuveen Preferred Securities & Income Fund | 0.33 | 0.34 | 0.37 | 73 | Preferred Stock | CZMVX vs NPSRX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.35 | 0.25 | 0.12 | 66 | Systematic Trend | CZMVX vs ASFYX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CZMVX
Add CZMVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CZMVX