Looking to diversify beyond ALTFX? The mutual funds below have historically moved differently from ALTFX, 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 ALTFX
18 mutual funds have low correlation with ALTFX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.02, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.02 | 0.42 | 0.54 | 68 | Quality Factor, Global Equities | ALTFX vs GQFPX | |
| AB Municipal Bond Inflation Strategy | 0.17 | 0.16 | 0.18 | 85 | Municipal Bonds | ALTFX vs AUNYX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.19 | 0.39 | 0.54 | 74 | Infrastructure Equities, Global Equities | ALTFX vs CSUAX | |
| AB High Income Municipal Portfolio | 0.22 | 0.17 | 0.16 | 64 | High Yield Muni | ALTFX vs ABTYX | |
| AB Municipal Income Fund New York Portfolio | 0.22 | 0.18 | 0.17 | 80 | Municipal Bonds | ALTFX vs ALNYX |
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