Looking to diversify beyond MAPYX? The mutual funds below have historically moved differently from MAPYX, 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 MAPYX
17 mutual funds have low correlation with MAPYX (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 -0.04, up from -0.19 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 ... | -0.04 | -0.12 | -0.19 | 66 | Systematic Trend | MAPYX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.04 | 0.00 | 0.01 | 97 | Equity Market Neutral | MAPYX vs BDMIX | |
| DFA California Municipal Real Return Portfolio | -0.02 | 0.16 | 0.24 | 91 | Municipal Bonds | MAPYX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.18 | 0.24 | 94 | Municipal Bonds | MAPYX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.25 | 0.31 | 100 | Municipal Bonds | MAPYX vs DFSMX |
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