Looking to diversify beyond ATLAX? The mutual funds below have historically moved differently from ATLAX, 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 ATLAX
14 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 -0.15, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.07 | 0.16 | 83 | Diversified Portfolio | ATLAX vs SIFAX | |
| Voya Corporate Leaders Trust Fund | -0.08 | 0.17 | 0.32 | 93 | Large Cap Value Equities | ATLAX vs LEXCX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.10 | 0.35 | 66 | Diversified Portfolio | ATLAX vs MHELX | |
| Standpoint Multi-Asset Fund Institutional | 0.14 | 0.15 | 0.21 | 84 | Diversified Portfolio | ATLAX vs BLNDX | |
| Concorde Wealth Management Fund | 0.17 | 0.30 | 0.44 | 83 | Diversified Portfolio | ATLAX vs CONWX |
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