Looking to diversify beyond ATLAX? The mutual funds below have the lowest correlation with ATLAX — 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 ATLAX.
Best Diversifiers for ATLAX
10 mutual funds have low correlation with ATLAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.11, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.11 | 0.09 | 0.17 | 60 | Diversified Portfolio | ATLAX vs SIFAX | |
| Voya Corporate Leaders Trust Fund | -0.05 | 0.19 | 0.34 | 68 | Large Cap Value Equities | ATLAX vs LEXCX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.11 | 0.35 | 67 | Diversified Portfolio | ATLAX vs MHELX | |
| Standpoint Multi-Asset Fund Institutional | 0.15 | 0.14 | 0.21 | 80 | Diversified Portfolio | ATLAX vs BLNDX | |
| Concorde Wealth Management Fund | 0.20 | 0.32 | 0.45 | 73 | Diversified Portfolio | ATLAX vs CONWX |
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