Looking to diversify beyond ALTHX? The mutual funds below have the lowest correlation with ALTHX — 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 ALTHX.
Best Diversifiers for ALTHX
11 mutual funds have low correlation with ALTHX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.17 | 0.22 | 96 | Municipal Bonds | ALTHX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.21 | 0.23 | 95 | Municipal Bonds | ALTHX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.14 | 0.30 | 0.39 | 99 | Municipal Bonds | ALTHX vs DNYMX | |
| Vanguard 500 Index Fund Admiral Shares | 0.16 | 0.14 | 0.11 | 73 | S&P 500, Large Cap Blend Equities | ALTHX vs VFIAX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.36 | 99 | Municipal Bonds | ALTHX vs DFSMX |
See all 23 diversifiers for ALTHX
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