Looking to diversify beyond MAFIX? The mutual funds below have historically moved differently from MAFIX, 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 MAFIX
13 mutual funds have low correlation with MAFIX (below 0.3), 5 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.21, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.21 | -0.08 | -0.00 | 93 | Multistrategy | MAFIX vs GFSYX | |
| Stone Ridge Diversified Alternatives Fund | -0.19 | -0.15 | -0.09 | 92 | Multistrategy | MAFIX vs SRDAX | |
| AQR Style Premia Alternative R6 | -0.09 | -0.04 | -0.06 | 90 | Multistrategy | MAFIX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.08 | -0.04 | -0.06 | 90 | Multistrategy | MAFIX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.07 | -0.04 | -0.06 | 89 | Multistrategy | MAFIX vs QSPNX |
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