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iShares Russell 2000 Small-Cap Index Fund (MASKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The investment seeks to match the performance of the Russell 2000 Index as closely as possible before the deduction of fund expenses. The fund is a "feeder" fund that invests all of its assets in the Series, a series of the Master LLC, which has the same investment objective and strategies as the fund. It will be substantially invested in securities in the Russell 2000, and will invest, under normal circumstances, at least 80% of its assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the Russell 2000.

Looking to diversify beyond MASKX? The mutual funds below have the lowest correlation with MASKX — 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 MASKX.

Best Diversifiers for MASKX

1 mutual funds have low correlation with MASKX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.24, up from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.240.110.05
92
Long-ShortMASKX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.360.260.13
69
Systematic TrendMASKX vs ASFYX
RNWGX
American Funds New World Fund® Class R-60.630.660.72
62
Emerging Markets DiversifiedMASKX vs RNWGX
NASDX
Shelton Capital Management Nasdaq-100 Index Fund D...0.690.640.71
71
Large Cap Growth EquitiesMASKX vs NASDX
AUERX
Auer Growth Fund0.760.800.81
87
Small Cap Blend EquitiesMASKX vs AUERX
See all 36 diversifiers for MASKX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MASKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MASKX and solid risk/return profiles. The least correlated is Huazhu Group Limited (HTHT) (Consumer Cyclical) with a 1Y correlation of 0.18, down from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
HTHT
Huazhu Group Limited0.180.260.32
71
Consumer Cyclical
NVDA
NVIDIA Corporation0.320.340.49
80
Technology
EXTR
Extreme Networks, Inc.0.440.490.59
80
Technology

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Diversification Analysis

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