Looking to diversify beyond XCIIX? The mutual funds below have historically moved differently from XCIIX, 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 XCIIX
2 mutual funds have low correlation with XCIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cullen Enhanced Equity Income Fund (ENHNX) (Derivative Income) with a 1Y correlation of 0.16, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen Enhanced Equity Income Fund | 0.16 | 0.36 | 0.56 | 52 | Derivative Income | XCIIX vs ENHNX | |
| The Covered Bridge Fund | 0.24 | 0.42 | 0.62 | 83 | Derivative Income | XCIIX vs TCBIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.38 | 0.31 | 0.16 | 66 | Systematic Trend | XCIIX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.40 | 0.25 | 0.15 | 97 | Equity Market Neutral | XCIIX vs BDMIX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 0.50 | 0.64 | 0.74 | 84 | Small Cap Blend Equities | XCIIX vs VTMSX |
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