Looking to diversify beyond MABAX? The mutual funds below have the lowest correlation with MABAX — 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 MABAX.
Best Diversifiers for MABAX
1 mutual funds have low correlation with MABAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.28, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.28 | 0.10 | 0.07 | 95 | Long-Short | MABAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.26 | 0.14 | 60 | Systematic Trend | MABAX vs ASFYX | |
| Federated Hermes Strategic Value Dividend Fund | 0.43 | 0.61 | 0.72 | 78 | Large Cap Value Equities | MABAX vs SVAIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.49 | 0.46 | 0.57 | 66 | Technology Equities | MABAX vs BGSAX | |
| Hennessy Cornerstone Value Fund | 0.58 | 0.76 | 0.83 | 81 | Large Cap Value Equities | MABAX vs HFCVX |
See all 45 diversifiers for MABAX
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