Looking to diversify beyond MANLX? The mutual funds below have the lowest correlation with MANLX — 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 MANLX.
Best Diversifiers for MANLX
21 mutual funds have low correlation with MANLX (below 0.3), 3 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.09, roughly unchanged 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 | -0.09 | -0.14 | -0.19 | 60 | Systematic Trend | MANLX vs ASFYX | |
| DFA California Municipal Real Return Portfolio | -0.02 | 0.19 | 0.23 | 95 | Municipal Bonds | MANLX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.20 | 0.24 | 94 | Municipal Bonds | MANLX vs DMREX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.01 | 0.00 | 0.01 | 95 | Long-Short | MANLX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.12 | 0.08 | 0.09 | 70 | Large Cap Growth Equities | MANLX vs NASDX |
See all 32 diversifiers for MANLX
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