Looking to diversify beyond MASPX? The mutual funds below have historically moved differently from MASPX, 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 MASPX
0 mutual funds have low correlation with MASPX (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 0.37, up from 0.09 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 ... | 0.37 | 0.18 | 0.09 | 98 | Equity Market Neutral | MASPX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.37 | 0.19 | 0.10 | 97 | Equity Market Neutral | MASPX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.42 | 0.29 | 0.13 | 67 | Systematic Trend | MASPX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.45 | 0.35 | 0.34 | 52 | Total Bond Market | MASPX vs BSIIX | |
| BlackRock High Yield K | 0.57 | 0.55 | 0.56 | 63 | High Yield Bonds | MASPX vs BRHYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MASPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.52 | 0.59 | 0.69 | 89 |
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