Looking to diversify beyond SELCX? The mutual funds below have the lowest correlation with SELCX — 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 SELCX.
Best Diversifiers for SELCX
0 mutual funds have low correlation with SELCX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.40, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.28 | 0.13 | 51 | Systematic Trend | SELCX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.41 | 0.27 | 0.15 | 96 | Equity Market Neutral | SELCX vs BDMIX | |
| Baron Partners Fund | 0.55 | 0.62 | 0.71 | 67 | Large Cap Growth Equities | SELCX vs BPTRX | |
| ICON Equity Fund | 0.66 | 0.63 | 0.73 | 75 | Large Cap Growth Equities | SELCX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.66 | 0.71 | 0.77 | 81 | Large Cap Growth Equities | SELCX vs DNVYX |
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