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 Alger Health Sciences Fund (AHSAX) (Health & Biotech Equities) with a 1Y correlation of 0.34, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Health Sciences Fund | 0.34 | 0.44 | 0.58 | 92 | Health & Biotech Equities | ALARX vs AHSAX | |
| BlackRock Equity Dividend Fund Investor A Shares | 0.43 | 0.41 | 0.55 | 78 | Dividend | ALARX vs MDDVX | |
| Baron Partners Fund | 0.46 | 0.56 | 0.68 | 67 | Large Cap Growth Equities | ALARX vs BPTRX | |
| Davis New York Venture Fund Class Y | 0.53 | 0.63 | 0.72 | 81 | Large Cap Growth Equities | ALARX vs DNVYX | |
| ICON Equity Fund | 0.56 | 0.53 | 0.67 | 75 | Large Cap Growth Equities | ALARX vs IOLZX |
See all 38 diversifiers for ALARX
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