Looking to diversify beyond MASAX? The mutual funds below have the lowest correlation with MASAX — 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 MASAX.
Best Diversifiers for MASAX
14 mutual funds have low correlation with MASAX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.13, up from -0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.13 | -0.29 | — | 99 | Nontraditional Bonds | MASAX vs APFPX | |
| Pioneer ILS Interval Fund | -0.10 | -0.03 | -0.02 | 100 | High Yield Bonds | MASAX vs XILSX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.00 | — | — | 100 | Nontraditional Bonds | MASAX vs CBYYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.03 | 0.01 | 0.02 | 96 | Long-Short | MASAX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.04 | 0.01 | 0.01 | 96 | Equity Market Neutral | MASAX vs BDMAX |
See all 31 diversifiers for MASAX
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