Looking to diversify beyond ALTEX? The mutual funds below have historically moved differently from ALTEX, 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 ALTEX
0 mutual funds have low correlation with ALTEX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund Class I (GTTIX) (Technology Equities) with a 1Y correlation of 0.35, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund Class I | 0.35 | 0.48 | 0.56 | 58 | Technology Equities | ALTEX vs GTTIX | |
| ARK Venture Fund | 0.45 | 0.60 | — | 99 | Technology Equities | ALTEX vs ARKVX | |
| Delaware Emerging Markets Fund | 0.50 | 0.50 | 0.52 | 91 | Emerging Markets Equities | ALTEX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 0.50 | 0.50 | 0.52 | 91 | Emerging Markets Equities | ALTEX vs DEMAX | |
| Hennessy Technology Fund | 0.54 | 0.66 | 0.72 | 52 | Technology Equities | ALTEX vs HTECX |
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