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 Baron Focused Growth Fund (BFGFX) (Mid Cap Growth Equities) with a 1Y correlation of 0.64, down from 0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Focused Growth Fund | 0.64 | 0.75 | 0.80 | 53 | Mid Cap Growth Equities | ALMRX vs BFGFX | |
| Baron Focused Growth Fund Institutional Shares | 0.64 | 0.75 | 0.80 | 54 | Mid Cap Growth Equities | ALMRX vs BFGIX | |
| Essex Environmental Opportunities Fund | 0.65 | 0.73 | 0.80 | 63 | Mid Cap Growth Equities | ALMRX vs EEOFX | |
| Tanaka Growth Fund | 0.67 | 0.73 | 0.78 | 52 | Mid Cap Growth Equities | ALMRX vs TGFRX | |
| Needham Growth Fund | 0.71 | 0.77 | 0.82 | 92 | Mid Cap Growth Equities | ALMRX vs NEEGX |
See all 18 diversifiers for ALMRX
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