Looking to diversify beyond ALTFX? The mutual funds below have the lowest correlation with ALTFX — 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 ALTFX.
Best Diversifiers for ALTFX
16 mutual funds have low correlation with ALTFX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Bond Inflation Strategy (AUNYX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Bond Inflation Strategy | 0.18 | 0.16 | 0.19 | 92 | Municipal Bonds | ALTFX vs AUNYX | |
| AB Tax-Aware Fixed Income Opportunities Portfolio | 0.20 | 0.20 | 0.18 | 76 | Municipal Bonds | ALTFX vs ATTYX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.21 | 0.40 | 0.55 | 78 | Global Equities | ALTFX vs CSUAX | |
| AB High Income Municipal Portfolio | 0.21 | 0.17 | 0.16 | 76 | High Yield Muni | ALTFX vs ABTYX | |
| AB Impact Municipal Income Shares | 0.22 | 0.19 | 0.16 | 81 | Municipal Bonds | ALTFX vs ABIMX |
See all 59 diversifiers for ALTFX
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