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AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The AlphaSimplex Managed Futures Strategy Fund (AMFAX) uses a trend-following strategy to benefit from rising and falling asset prices by taking long and short positions. It employs a multi-model approach that considers trends over different time horizons and uses exchange-traded futures and currency forward contracts to invest in over 70 different assets across global markets. The fund adjusts its position sizes daily to maintain a stable risk profile as market risk levels change.

Looking to diversify beyond AMFAX? The mutual funds below have the lowest correlation with AMFAX — 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 AMFAX.

Best Diversifiers for AMFAX

1 mutual funds have low correlation with AMFAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.29, up from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.290.150.13
95
Long-ShortAMFAX vs BDMIX
BGSAX
BlackRock Technology Opportunities Fund Investor A0.410.300.13
66
Technology EquitiesAMFAX vs BGSAX
NASDX
Shelton Capital Management Nasdaq-100 Index Fund D...0.430.310.13
70
Large Cap Growth EquitiesAMFAX vs NASDX
VTSMX
Vanguard Total Stock Market Index Fund Investor Sh...0.440.330.16
65
Large Cap Blend EquitiesAMFAX vs VTSMX
VTMFX
Vanguard Tax-Managed Balanced Fund Admiral Shares0.440.300.12
76
Diversified Portfolio, Municipal BondsAMFAX vs VTMFX
See all 33 diversifiers for AMFAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AMFAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMFAX and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.36, up from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PHYS
Sprott Physical Gold Trust0.360.270.05
63
Financial Services

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