Looking to diversify beyond MALMX? The mutual funds below have the lowest correlation with MALMX — 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 MALMX.
Best Diversifiers for MALMX
15 mutual funds have low correlation with MALMX (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 -0.02, up from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.02 | -0.07 | -0.14 | 67 | Systematic Trend | MALMX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.01 | -0.00 | 0.02 | 92 | Long-Short | MALMX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.09 | 0.09 | 0.06 | 75 | Large Cap Growth Equities | MALMX vs NASDX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.12 | 0.13 | 0.08 | 70 | Large Cap Blend Equities | MALMX vs VTCLX | |
| iShares S&P 500 Index Fund | 0.12 | 0.14 | 0.08 | 73 | S&P 500 | MALMX vs WFSPX |
See all 23 diversifiers for MALMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MALMX
Add MALMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MALMX