Looking to diversify beyond ALSCX? The mutual funds below have the lowest correlation with ALSCX — 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 ALSCX.
Best Diversifiers for ALSCX
0 mutual funds have low correlation with ALSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Alger Focus Equity Fund (ALGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.72, roughly unchanged from 0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Focus Equity Fund | 0.72 | 0.71 | 0.80 | 53 | Large Cap Growth Equities | ALSCX vs ALGRX | |
| Alger Focus Equity A Fund | 0.72 | 0.71 | 0.80 | 53 | Large Cap Growth Equities | ALSCX vs ALAFX | |
| Alger Growth & Income Fund | 0.72 | 0.73 | 0.75 | 86 | Large Cap Blend Equities | ALSCX vs ALBAX | |
| Alger Large Cap Growth Portfolio Fund | 0.75 | 0.74 | 0.82 | 53 | Large Cap Growth Equities | ALSCX vs AAGOX | |
| Oberweis Micro Cap Fund | 0.77 | 0.85 | 0.85 | 91 | Small Cap Growth Equities | ALSCX vs OBMCX |
See all 18 diversifiers for ALSCX
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