Looking to diversify beyond ALIBX? The mutual funds below have historically moved differently from ALIBX, 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 ALIBX
3 mutual funds have low correlation with ALIBX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.05 | 0.10 | 83 | Diversified Portfolio | ALIBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.47 | 68 | Diversified Portfolio | ALIBX vs MHELX | |
| ALPS/CoreCommodity Management CompleteCommoditiesS... | 0.17 | 0.24 | 0.33 | 84 | Commodities | ALIBX vs JCRAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.50 | 0.58 | 88 | Diversified Portfolio | ALIBX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.33 | 0.50 | 0.58 | 95 | Diversified Portfolio | ALIBX vs FSRRX |
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