Looking to diversify beyond SPECX? The mutual funds below have the lowest correlation with SPECX — 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 SPECX.
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 0.33, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Health Sciences Fund | 0.33 | 0.43 | 0.58 | 92 | Health & Biotech Equities | SPECX vs AHSAX | |
| Neuberger Berman Large Cap Value Fund | 0.41 | 0.37 | 0.50 | 93 | Large Cap Value Equities | SPECX vs NPRTX | |
| Baron Partners Fund | 0.45 | 0.56 | 0.68 | 67 | Large Cap Growth Equities | SPECX vs BPTRX | |
| Davis New York Venture Fund Class Y | 0.51 | 0.62 | 0.71 | 81 | Large Cap Growth Equities | SPECX vs DNVYX | |
| ICON Equity Fund | 0.53 | 0.52 | 0.66 | 75 | Large Cap Growth Equities | SPECX vs IOLZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPECX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPECX and solid risk/return profiles. The least correlated is Texas Instruments Incorporated (TXN) (Technology) with a 1Y correlation of 0.24, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Instruments Incorporated | 0.24 | 0.40 | 0.53 | 72 | Technology | |
| Apple Inc | 0.33 | 0.44 | 0.59 | 91 | Technology |
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