Looking to diversify beyond LONGX? The mutual funds below have the lowest correlation with LONGX — 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 LONGX.
Best Diversifiers for LONGX
7 mutual funds have low correlation with LONGX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.07 | -0.02 | 0.05 | 85 | Long-Short | LONGX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.06 | -0.01 | 0.05 | 85 | Long-Short | LONGX vs VMNFX | |
| AQR Managed Futures Strategy HV Fund | -0.00 | -0.00 | -0.06 | 83 | Systematic Trend | LONGX vs QMHIX | |
| AQR Managed Futures Strategy Fund | 0.02 | 0.00 | -0.06 | 90 | Systematic Trend | LONGX vs AQMIX | |
| Knights of Columbus Long/Short Equity Fund | 0.25 | 0.38 | 0.38 | 60 | Long-Short | LONGX vs KCEIX |
See all 19 diversifiers for LONGX
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