Looking to diversify beyond LONGX? The mutual funds below have historically moved differently from LONGX, 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 LONGX
9 mutual funds have low correlation with LONGX (below 0.3), 3 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.07 | 0.01 | — | 54 | Long-Short | LONGX vs QAMNX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.06 | -0.02 | 0.04 | 97 | Long-Short | LONGX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.04 | -0.01 | 0.04 | 97 | Long-Short | LONGX vs VMNFX | |
| AQR Managed Futures Strategy HV Fund | 0.01 | 0.01 | -0.08 | 82 | Systematic Trend | LONGX vs QMHIX | |
| AQR Managed Futures Strategy Fund - Class I | 0.03 | 0.02 | -0.07 | 90 | Systematic Trend | LONGX vs AQMIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LONGX
Add LONGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LONGX