Looking to diversify beyond MAFOX? The mutual funds below have the lowest correlation with MAFOX — 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 MAFOX.
Best Diversifiers for MAFOX
1 mutual funds have low correlation with MAFOX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.07, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.07 | 0.23 | 0.17 | 66 | Tactical Allocation | MAFOX vs PBAIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.33 | 0.23 | 0.12 | 92 | Long-Short | MAFOX vs BDMIX | |
| Emerald Insights Fund | 0.36 | 0.76 | 0.84 | 99 | Large Cap Growth Equities | MAFOX vs EFCNX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.37 | 0.27 | 0.10 | 67 | Systematic Trend | MAFOX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.39 | 0.25 | 0.29 | 64 | Total Bond Market | MAFOX vs BSIIX |
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