Looking to diversify beyond MALOX? The mutual funds below have the lowest correlation with MALOX — 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 MALOX.
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 N (AQMNX) (Systematic Trend) with a 1Y correlation of 0.16, up from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund Class N | 0.16 | 0.08 | -0.10 | 89 | Systematic Trend | MALOX vs AQMNX | |
| AQR Managed Futures Strategy Fund | 0.21 | 0.11 | -0.05 | 90 | Systematic Trend | MALOX vs AQMIX | |
| LoCorr Macro Strategies Fund Class I | 0.23 | 0.10 | -0.04 | 85 | Global Allocation | MALOX vs LFMIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.34 | 0.20 | 0.13 | 95 | Long-Short | MALOX vs BDMIX | |
| JPMorgan Income Fund | 0.37 | 0.37 | 0.42 | 81 | Multisector Bonds | MALOX vs JMSIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MALOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MALOX and solid risk/return profiles. The least correlated is Keysight Technologies, Inc. (KEYS) (Technology) with a 1Y correlation of 0.59, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Keysight Technologies, Inc. | 0.59 | 0.64 | 0.68 | 97 | Technology |
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