Looking to diversify beyond ALDAX? The mutual funds below have historically moved differently from ALDAX, 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 ALDAX
11 mutual funds have low correlation with ALDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.14, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.14 | 0.16 | 0.25 | 78 | Short-Term Bond | ALDAX vs LCCMX | |
| Columbia Seligman Technology and Information Fund ... | 0.15 | 0.11 | 0.17 | 95 | Technology Equities | ALDAX vs SLMCX | |
| GuidePath Absolute Return Allocation Fund | 0.16 | 0.54 | 0.65 | 55 | Short-Term Bond | ALDAX vs GPARX | |
| Columbia Seligman Global Technology Fund | 0.16 | 0.11 | 0.17 | 94 | Technology Equities | ALDAX vs SHGTX | |
| DFA Two-Year Fixed Income Portfolio | 0.18 | 0.05 | 0.37 | 100 | Short-Term Bond | ALDAX vs DFCFX |
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