Looking to diversify beyond SPECX? The mutual funds below have historically moved differently from SPECX, 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 SPECX
0 mutual funds have low correlation with SPECX (below 0.3), 0 of which are negatively correlated. The least correlated is Alger Health Sciences Fund (AHSAX) (Health & Biotech Equities) with a 1Y correlation of 0.34, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Health Sciences Fund | 0.34 | 0.42 | 0.58 | 96 | Health & Biotech Equities | SPECX vs AHSAX | |
| Provident Trust Strategy Fund | 0.37 | 0.54 | 0.69 | 51 | Large Cap Growth Equities | SPECX vs PROVX | |
| Neuberger Berman Large Cap Value Fund | 0.46 | 0.37 | 0.50 | 96 | Large Cap Value Equities | SPECX vs NPRTX | |
| Davis New York Venture Fund Class Y | 0.53 | 0.62 | 0.71 | 91 | Large Cap Growth Equities | SPECX vs DNVYX | |
| ICON Equity Fund | 0.57 | 0.52 | 0.66 | 79 | Large Cap Growth Equities | SPECX vs IOLZX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPECX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.29, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.29 | 0.38 | 0.53 | 90 | Technology | |
| Texas Instruments Incorporated | 0.33 | 0.41 | 0.54 | 80 | Technology |
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