Looking to diversify beyond MALOX? The mutual funds below have historically moved differently from MALOX, 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 MALOX
3 mutual funds have low correlation with MALOX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund - Class I (AQMIX) (Systematic Trend) with a 1Y correlation of 0.16, up from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund - Class I | 0.16 | 0.10 | -0.11 | 90 | Systematic Trend | MALOX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | 0.17 | 0.11 | -0.11 | 89 | Systematic Trend | MALOX vs AQMNX | |
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.11 | -0.05 | 79 | Global Allocation | MALOX vs LFMIX | |
| Wilmington Real Asset Fund | 0.31 | 0.51 | 0.58 | 90 | Global Allocation | MALOX vs WMRIX | |
| MH Elite Select Portfolio of Funds Fund | 0.32 | 0.37 | 0.62 | 68 | Global Allocation | MALOX vs MHESX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MALOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Keysight Technologies, Inc. (KEYS) (Technology) with a 1Y correlation of 0.59, roughly unchanged from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Keysight Technologies, Inc. | 0.59 | 0.65 | 0.68 | 94 | Technology |
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