Looking to diversify beyond ALZFX? The mutual funds below have the lowest correlation with ALZFX — 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 ALZFX.
Best Diversifiers for ALZFX
0 mutual funds have low correlation with ALZFX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Long-Short Equity Fund (QLEIX) (Long-Short) with a 1Y correlation of 0.38, up from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | 0.38 | 0.41 | 0.24 | 53 | Long-Short | ALZFX vs QLEIX | |
| Emerald Insights Fund | 0.40 | 0.77 | 0.86 | 99 | Large Cap Growth Equities | ALZFX vs EFCNX | |
| ICON Equity Fund | 0.52 | 0.52 | 0.66 | 76 | Large Cap Growth Equities | ALZFX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.52 | 0.63 | 0.72 | 82 | Large Cap Growth Equities | ALZFX vs DNVYX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.55 | 0.57 | 0.66 | 52 | Large Cap Growth Equities, Foreign Large Cap Equities | ALZFX vs VTMGX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALZFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALZFX and solid risk/return profiles. The least correlated is Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of 0.47, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | 0.47 | 0.45 | 0.46 | 98 | Industrials | |
| GE Vernova Inc. | 0.56 | — | — | 87 | Utilities |
Build a portfolio that complements ALZFX
Add ALZFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ALZFX