Looking to diversify beyond MANJX? The mutual funds below have historically moved differently from MANJX, 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 MANJX
23 mutual funds have low correlation with MANJX (below 0.3), 4 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.05, up from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.05 | -0.15 | -0.20 | 63 | Systematic Trend | MANJX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.03 | 0.00 | 0.02 | 98 | Equity Market Neutral | MANJX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | -0.02 | 0.00 | 0.02 | 98 | Equity Market Neutral | MANJX vs BDMAX | |
| DFA California Municipal Real Return Portfolio | -0.01 | 0.16 | 0.24 | 88 | Municipal Bonds | MANJX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.19 | 0.25 | 91 | Municipal Bonds | MANJX vs DMREX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MANJX, 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. | 0.24 | 0.15 | 0.15 | 88 |
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