Looking to diversify beyond MALVX? The mutual funds below have the lowest correlation with MALVX — 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 MALVX.
Best Diversifiers for MALVX
0 mutual funds have low correlation with MALVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.34, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.35 | 0.19 | 0.13 | 96 | Long-Short | MALVX vs BDMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.43 | 0.58 | 0.71 | 80 | Large Cap Value Equities | MALVX vs SVAIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.43 | 0.29 | 0.15 | 64 | Systematic Trend | MALVX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.55 | 0.54 | 0.64 | 69 | Technology Equities | MALVX vs BGSAX | |
| Hennessy Cornerstone Value Fund | 0.61 | 0.76 | 0.82 | 81 | Large Cap Value Equities | MALVX vs HFCVX |
See all 120 diversifiers for MALVX
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