Looking to diversify beyond ARBFX? The mutual funds below have historically moved differently from ARBFX, 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 ARBFX
5 mutual funds have low correlation with ARBFX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO TRENDS Managed Futures Strategy Fund (PQTPX) (Systematic Trend) with a 1Y correlation of 0.10, up from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO TRENDS Managed Futures Strategy Fund | 0.10 | -0.03 | -0.09 | 68 | Systematic Trend | ARBFX vs PQTPX | |
| AQR Long-Short Equity Fund | 0.18 | 0.21 | 0.14 | 78 | Long-Short | ARBFX vs QLEIX | |
| Camelot Event Driven Fund Class A | 0.27 | 0.29 | 0.44 | 52 | Event Driven | ARBFX vs EVDAX | |
| Camelot Event-Driven Fund Institutional Class | 0.27 | 0.28 | 0.44 | 54 | Event Driven | ARBFX vs EVDIX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.28 | 0.23 | 0.31 | 99 | Event Driven | ARBFX vs VARBX |
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