Looking to diversify beyond ALNVX? The mutual funds below have the lowest correlation with ALNVX — 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 ALNVX.
Best Diversifiers for ALNVX
8 mutual funds have low correlation with ALNVX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.34 | 99 | Municipal Bonds | ALNVX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.37 | 99 | Municipal Bonds | ALNVX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.31 | 0.40 | 99 | Municipal Bonds | ALNVX vs DNYMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.20 | 0.17 | 0.13 | 99 | Municipal Bonds | ALNVX vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 0.24 | 0.35 | 0.42 | 99 | Municipal Bonds | ALNVX vs DFCMX |
See all 18 diversifiers for ALNVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ALNVX
Add ALNVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ALNVX