Looking to diversify beyond REMIX? The mutual funds below have historically moved differently from REMIX, 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 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) (Multistrategy) with a 1Y correlation of 0.26, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.26 | 0.33 | 0.28 | 83 | Multistrategy | REMIX vs PCBAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.27 | 0.24 | 0.20 | 98 | Multistrategy | REMIX vs EGRAX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.50 | 0.46 | 0.46 | 89 | Multistrategy, Systematic Trend, Global Equities | REMIX vs MBXAX | |
| OnTrack Core Fund | 0.56 | 0.45 | 0.37 | 81 | Tactical Allocation | REMIX vs OTRFX | |
| Vanguard Wellington Fund Admiral Shares | 0.60 | 0.62 | 0.59 | 58 | Diversified Portfolio | REMIX vs VWENX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for REMIX, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.19, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.19 | 0.03 | 0.16 | 89 | Financial Services | |
| McKesson Corporation | -0.06 | 0.02 | 0.10 | 67 | Healthcare | |
| Eli Lilly and Company | -0.05 | 0.17 | 0.18 | 83 | Healthcare | |
| Berkshire Hathaway Inc. | 0.03 | 0.21 | 0.32 | 61 | Financial Services | |
| Nu Holdings Ltd. | 0.24 | 0.30 | 0.28 | 57 | Financial Services |
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