Looking to diversify beyond ALTEX? The mutual funds below have the lowest correlation with ALTEX — 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 ALTEX.
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 0.36, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund Class I | 0.36 | 0.49 | 0.56 | 72 | Technology Equities | ALTEX vs GTTIX | |
| Nomura Emerging Markets Fund Class A | 0.40 | 0.49 | 0.51 | 98 | Emerging Markets Equities | ALTEX vs DEMAX | |
| Delaware Emerging Markets Fund | 0.40 | 0.49 | 0.51 | 98 | Emerging Markets Diversified | ALTEX vs DEMIX | |
| ARK Venture Fund | 0.48 | 0.62 | — | 99 | Technology Equities | ALTEX vs ARKVX | |
| ICON Health and Information Technology Fund | 0.61 | 0.62 | 0.67 | 83 | Technology Equities | ALTEX vs ICTEX |
See all 52 diversifiers for ALTEX
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