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Alger Spectra Fund (SPECX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, healthcare, and communication services sectors.

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 Neuberger Berman Large Cap Value Fund (NPRTX) (Large Cap Value Equities) with a 1Y correlation of 0.42, roughly unchanged from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NPRTX
Neuberger Berman Large Cap Value Fund0.420.370.50
94
Large Cap Value EquitiesSPECX vs NPRTX
BPTRX
Baron Partners Fund0.450.560.68
72
Large Cap Growth EquitiesSPECX vs BPTRX
IOLZX
ICON Equity Fund0.510.510.65
84
Large Cap Growth EquitiesSPECX vs IOLZX
VTMGX
Vanguard Developed Markets Index Fund Admiral Shar...0.560.570.65
61
Foreign Large Cap EquitiesSPECX vs VTMGX
VPMCX
Vanguard PRIMECAP Fund Investor Shares0.660.740.81
94
Large Cap Growth EquitiesSPECX vs VPMCX
See all 45 diversifiers for SPECX

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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 0.18, down from 0.49 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TXN
Texas Instruments Incorporated0.180.360.49
83
Technology
AAPL
Apple Inc0.290.400.53
88
Technology

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