Looking to diversify beyond ALIBX? The mutual funds below have the lowest correlation with ALIBX — 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 ALIBX.
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 -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.00 | 0.13 | 73 | Diversified Portfolio | ALIBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.19 | 0.50 | 64 | Diversified Portfolio | ALIBX vs MHELX | |
| ALPS/CoreCommodity Management CompleteCommoditiesS... | 0.17 | 0.27 | 0.35 | 92 | Commodities | ALIBX vs JCRAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.60 | 95 | Diversified Portfolio | ALIBX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.60 | 96 | Diversified Portfolio | ALIBX vs FSIRX |
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