Looking to diversify beyond MANJX? The mutual funds below have the lowest correlation with MANJX — 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 MANJX.
Best Diversifiers for MANJX
25 mutual funds have low correlation with MANJX (below 0.3), 2 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.04, up from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.04 | -0.14 | -0.20 | 60 | Systematic Trend | MANJX vs ASFYX | |
| DFA California Municipal Real Return Portfolio | -0.02 | 0.19 | 0.23 | 95 | Municipal Bonds | MANJX vs DCARX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.04 | 0.02 | 0.03 | 95 | Long-Short | MANJX vs BDMIX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.20 | 0.24 | 94 | Municipal Bonds | MANJX vs DMREX | |
| BlackRock Technology Opportunities Fund Investor A | 0.08 | 0.06 | 0.09 | 66 | Technology Equities | MANJX vs BGSAX |
See all 35 diversifiers for MANJX
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