Looking to diversify beyond MASKX? The mutual funds below have historically moved differently from MASKX, 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 MASKX
0 mutual funds have low correlation with MASKX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.31, up from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.31 | 0.13 | 0.05 | 97 | Equity Market Neutral | MASKX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.37 | 0.27 | 0.12 | 66 | Systematic Trend | MASKX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.62 | 0.63 | 0.68 | 64 | Derivative Income | MASKX vs BDJ | |
| American Funds New World Fund® Class R-6 | 0.65 | 0.67 | 0.73 | 55 | Emerging Markets Equities | MASKX vs RNWGX | |
| DFA International Small Company Portfolio | 0.69 | 0.68 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | MASKX vs DFISX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MASKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.07, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.07 | 0.34 | 0.47 | 61 | Financial Services | |
| Huazhu Group Limited | 0.09 | 0.22 | 0.31 | 79 | Consumer Cyclical | |
| NVIDIA Corporation | 0.37 | 0.36 | 0.50 | 56 | Technology | |
| Extreme Networks, Inc. | 0.45 | 0.50 | 0.59 | 80 | Technology |
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