Looking to diversify beyond MACMX? The mutual funds below have historically moved differently from MACMX, 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 MACMX
16 mutual funds have low correlation with MACMX (below 0.3), 1 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 -0.06, roughly unchanged from -0.09 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 ... | -0.06 | -0.09 | -0.09 | 66 | Systematic Trend | MACMX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.06 | 0.04 | 0.03 | 97 | Equity Market Neutral | MACMX vs BDMIX | |
| AQR Diversifying Strategies Fund - Class I | 0.08 | -0.00 | -0.02 | 92 | Multistrategy | MACMX vs QDSIX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.24 | 0.28 | 100 | Municipal Bonds | MACMX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.25 | — | 100 | Municipal Bonds | MACMX vs DFABX |
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