Looking to diversify beyond CAPEX? The mutual funds below have historically moved differently from CAPEX, 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 CAPEX
0 mutual funds have low correlation with CAPEX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.40, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.40 | 0.31 | 0.14 | 67 | Systematic Trend | CAPEX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.42 | 0.27 | 0.16 | 97 | Equity Market Neutral | CAPEX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.42 | 0.27 | 0.16 | 98 | Equity Market Neutral | CAPEX vs BDMIX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.50 | 0.32 | 0.32 | 52 | Total Bond Market | CAPEX vs BSIIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.66 | 0.62 | 0.69 | 66 | Derivative Income | CAPEX vs BDJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CAPEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.65 | 0.70 | 0.76 | 89 |
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