Looking to diversify beyond ALMRX? The mutual funds below have the lowest correlation with ALMRX — 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 ALMRX.
Best Diversifiers for ALMRX
0 mutual funds have low correlation with ALMRX (below 0.3), 0 of which are negatively correlated. The least correlated is Tanaka Growth Fund (TGFRX) (Mid Cap Growth Equities) with a 1Y correlation of 0.67, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tanaka Growth Fund | 0.67 | 0.73 | 0.78 | 53 | Mid Cap Growth Equities | ALMRX vs TGFRX | |
| Needham Growth Fund Institutional Class | 0.72 | 0.77 | 0.82 | 83 | Mid Cap Growth Equities | ALMRX vs NEEIX | |
| Needham Growth Fund | 0.72 | 0.77 | 0.82 | 82 | Mid Cap Growth Equities | ALMRX vs NEEGX | |
| Alger Growth & Income Fund | 0.74 | 0.79 | 0.80 | 85 | Large Cap Blend Equities | ALMRX vs ALBAX | |
| Vanguard Capital Opportunity Fund Investor Shares | 0.76 | 0.80 | 0.85 | 89 | Mid Cap Growth Equities | ALMRX vs VHCOX |
See all 11 diversifiers for ALMRX
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