Looking to diversify beyond ALSMX? The mutual funds below have historically moved differently from ALSMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ALSMX
0 mutual funds have low correlation with ALSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.31, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.15 | 0.12 | 96 | Large Cap Blend Equities | ALSMX vs SVPFX | |
| Archer Dividend Growth Fund | 0.32 | 0.55 | 0.64 | 96 | Large Cap Value Equities | ALSMX vs ARDGX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.43 | 0.63 | 0.73 | 56 | Low Volatility | ALSMX vs FSUVX | |
| ClearBridge Dividend Strategy Fund | 0.44 | 0.66 | 0.76 | 65 | Large Cap Blend Equities | ALSMX vs SOPAX | |
| Barrett Opportunity Fund | 0.46 | 0.67 | 0.77 | 85 | Large Cap Blend Equities | ALSMX vs SAOPX |
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