Looking to diversify beyond MANKX? The mutual funds below have the lowest correlation with MANKX — 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 MANKX.
Best Diversifiers for MANKX
18 mutual funds have low correlation with MANKX (below 0.3), 1 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, roughly unchanged from -0.09 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 | -0.08 | -0.09 | 60 | Systematic Trend | MANKX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.08 | 0.04 | 0.03 | 95 | Long-Short | MANKX vs BDMIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.13 | 0.07 | 0.09 | 66 | Technology Equities | MANKX vs BGSAX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.25 | 0.30 | 99 | Municipal Bonds | MANKX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.27 | 0.32 | 99 | Municipal Bonds | MANKX vs USMSX |
See all 28 diversifiers for MANKX
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