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
23 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 -0.02, up from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.02 | -0.13 | -0.19 | 51 | Systematic Trend | MANJX vs ASFYX | |
| DFA California Municipal Real Return Portfolio | -0.01 | 0.19 | 0.23 | 95 | Municipal Bonds | MANJX vs DCARX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.03 | 0.02 | 0.03 | 96 | Equity Market Neutral | MANJX vs BDMIX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.20 | 0.24 | 95 | Municipal Bonds | MANJX vs DMREX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.14 | 0.07 | 0.10 | 59 | Large Cap Growth Equities | MANJX vs NASDX |
See all 35 diversifiers for MANJX
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