Looking to diversify beyond UTMAX? The mutual funds below have the lowest correlation with UTMAX — 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 UTMAX.
Best Diversifiers for UTMAX
1 mutual funds have low correlation with UTMAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.27 | 0.20 | 75 | Tactical Allocation | UTMAX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.42 | 0.53 | 0.40 | 80 | Tactical Allocation | UTMAX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.45 | 0.39 | 0.19 | 88 | Tactical Allocation | UTMAX vs QDSNX | |
| Hussman Strategic Total Return Fund | 0.49 | 0.38 | 0.42 | 89 | Tactical Allocation | UTMAX vs HSTRX | |
| Invesco Balanced-Risk Allocation Fund Class A | 0.57 | 0.56 | 0.57 | 89 | Tactical Allocation | UTMAX vs ABRZX |
See all 23 diversifiers for UTMAX
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