Looking to diversify beyond MALVX? The mutual funds below have historically moved differently from MALVX, 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 MALVX
3 mutual funds have low correlation with MALVX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.14, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.14 | 0.53 | 0.67 | 58 | Quality Factor, Large Cap Value Equities | MALVX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.22 | 0.54 | 0.68 | 94 | Large Cap Value Equities | MALVX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.23 | 0.56 | 0.77 | 68 | Dividend, Large Cap Value Equities | MALVX vs LEIFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.34 | 0.18 | 0.13 | 98 | Equity Market Neutral | MALVX vs BDMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.38 | 0.57 | 0.70 | 95 | Large Cap Value Equities | MALVX vs SVAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MALVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.48 | 0.58 | 0.69 | 89 |
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