Looking to diversify beyond MALMX? The mutual funds below have historically moved differently from MALMX, 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 MALMX
18 mutual funds have low correlation with MALMX (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 -0.04, roughly unchanged from -0.14 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 ... | -0.04 | -0.07 | -0.14 | 66 | Systematic Trend | MALMX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.01 | 0.01 | 0.01 | 97 | Equity Market Neutral | MALMX vs BDMIX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 0.16 | 0.14 | 0.09 | 84 | Small Cap Blend Equities | MALMX vs VTMSX | |
| iShares S&P 500 Index Fund Class K | 0.20 | 0.14 | 0.09 | 63 | S&P 500 | MALMX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.21 | 0.14 | 0.09 | 62 | Large Cap Blend Equities | MALMX vs VTCLX |
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