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
20 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 | 64 | Systematic Trend | MALMX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.04 | 0.01 | 0.02 | 96 | Long-Short | MALMX vs BDMIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.13 | 0.10 | 0.07 | 69 | Technology Equities | MALMX vs BGSAX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 0.13 | 0.13 | 0.09 | 69 | Small Cap Blend Equities | MALMX vs VTMSX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.14 | 0.10 | 0.07 | 71 | Large Cap Growth Equities | MALMX vs NASDX |
See all 30 diversifiers for MALMX
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