Looking to diversify beyond ALARX? The mutual funds below have the lowest correlation with ALARX — 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 ALARX.
Best Diversifiers for ALARX
0 mutual funds have low correlation with ALARX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.45, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.45 | 0.56 | 0.68 | 52 | Large Cap Growth Equities | ALARX vs BPTRX | |
| BlackRock Equity Dividend Fund Investor A Shares | 0.46 | 0.42 | 0.55 | 70 | Dividend | ALARX vs MDDVX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.49 | 0.50 | 0.63 | 52 | Mid Cap Blend Equities | ALARX vs MXMDX | |
| ICON Equity Fund | 0.54 | 0.52 | 0.66 | 85 | Large Cap Growth Equities | ALARX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.54 | 0.64 | 0.72 | 80 | Large Cap Growth Equities | ALARX vs DNVYX |
See all 38 diversifiers for ALARX
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