Looking to diversify beyond ALAFX? The mutual funds below have the lowest correlation with ALAFX — 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 ALAFX.
Best Diversifiers for ALAFX
6 mutual funds have low correlation with ALAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.12 | 0.08 | 0.09 | 100 | High Yield Bonds | ALAFX vs CCLFX | |
| Lord Abbett Short Duration Core Bond Fund | 0.12 | 0.06 | 0.07 | 62 | Short-Term Bond | ALAFX vs LSCIX | |
| Holbrook Income Fund | 0.16 | 0.11 | 0.14 | 97 | Short-Term Bond | ALAFX vs HOBEX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.20 | 0.07 | 0.11 | 100 | Total Bond Market | ALAFX vs VUSFX | |
| Aegis Value Fund | 0.28 | 0.32 | 0.40 | 87 | Small Cap Value Equities | ALAFX vs AVALX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALAFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALAFX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.25, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.25 | -0.10 | 0.07 | 68 | Energy | |
| The TJX Companies, Inc. | -0.11 | 0.20 | 0.37 | 87 | Consumer Cyclical | |
| Merck & Co., Inc. | -0.10 | -0.05 | 0.01 | 88 | Healthcare | |
| Amgen Inc. | 0.06 | 0.12 | 0.17 | 66 | Healthcare | |
| The Oncology Institute, Inc. | 0.26 | 0.18 | 0.19 | 77 | Healthcare |
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