Looking to diversify beyond ALNYX? The mutual funds below have the lowest correlation with ALNYX — 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 ALNYX.
Best Diversifiers for ALNYX
9 mutual funds have low correlation with ALNYX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.00 | 0.19 | 0.23 | 96 | Municipal Bonds | ALNYX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.35 | 99 | Municipal Bonds | ALNYX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.32 | 0.39 | 99 | Municipal Bonds | ALNYX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.30 | 0.41 | 100 | Municipal Bonds | ALNYX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.31 | 0.39 | 99 | Municipal Bonds | ALNYX vs DNYMX |
See all 22 diversifiers for ALNYX
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