Looking to diversify beyond MACMX? The mutual funds below have the lowest correlation with MACMX — 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 MACMX.
Best Diversifiers for MACMX
17 mutual funds have low correlation with MACMX (below 0.3), 1 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.03, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.03 | -0.09 | -0.09 | 67 | Systematic Trend | MACMX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.11 | 0.03 | 0.02 | 92 | Long-Short | MACMX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.13 | 0.05 | 0.07 | 75 | Large Cap Growth Equities | MACMX vs NASDX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.24 | 0.28 | 99 | Municipal Bonds | MACMX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.28 | 0.33 | 99 | Municipal Bonds | MACMX vs USMSX |
See all 24 diversifiers for MACMX
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