Looking to diversify beyond ALSMX? The mutual funds below have the lowest correlation with ALSMX — 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 ALSMX.
Best Diversifiers for ALSMX
3 mutual funds have low correlation with ALSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.17, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.17 | 0.57 | 0.75 | 56 | Large Cap Blend Equities | ALSMX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.18 | 0.57 | 0.75 | 56 | Large Cap Blend Equities | ALSMX vs QKACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.14 | 0.11 | 73 | Large Cap Blend Equities | ALSMX vs SVPFX | |
| Archer Income Fund | 0.33 | 0.25 | 0.23 | 58 | Intermediate Core-Plus Bond | ALSMX vs ARINX | |
| North Square Preferred and Income Securities Fund | 0.43 | 0.33 | 0.41 | 72 | Large Cap Blend Equities | ALSMX vs ORDNX |
See all 253 diversifiers for ALSMX
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