Looking to diversify beyond REMIX? The mutual funds below have the lowest correlation with REMIX — 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 REMIX.
Best Diversifiers for REMIX
2 mutual funds have low correlation with REMIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.24 | 0.31 | 0.28 | 81 | Macro Trading | REMIX vs PCBAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.27 | 0.23 | 0.20 | 98 | Macro Trading | REMIX vs EGRAX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.50 | 0.45 | 0.47 | 90 | Macro Trading | REMIX vs MBXAX | |
| OnTrack Core Fund | 0.55 | 0.45 | 0.37 | 79 | Macro Trading | REMIX vs OTRFX | |
| Vanguard Wellington Fund Admiral Shares | 0.59 | 0.61 | 0.59 | 64 | Diversified Portfolio | REMIX vs VWENX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REMIX and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.17 | 0.03 | 0.17 | 83 | Financial Services | |
| McKesson Corporation | -0.02 | 0.03 | 0.11 | 58 | Healthcare | |
| Eli Lilly and Company | -0.01 | 0.18 | 0.18 | 80 | Healthcare | |
| Waste Management, Inc. | -0.01 | 0.10 | 0.18 | 51 | Industrials | |
| Medpace Holdings, Inc. | 0.26 | 0.33 | 0.33 | 79 | Healthcare |
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