Looking to diversify beyond XPMIX? The mutual funds below have the lowest correlation with XPMIX — 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 XPMIX.
Best Diversifiers for XPMIX
9 mutual funds have low correlation with XPMIX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.01 | 0.15 | 0.13 | 70 | Multistrategy | XPMIX vs GAAVX | |
| Symmetry Panoramic Alternatives Fund | 0.01 | -0.00 | 0.01 | 97 | Multistrategy | XPMIX vs SPATX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.09 | 0.07 | 0.07 | 100 | Multistrategy | XPMIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | 0.10 | 0.18 | 0.11 | 99 | Multistrategy | XPMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.11 | 0.19 | 0.12 | 99 | Multistrategy | XPMIX vs ADANX |
See all 13 diversifiers for XPMIX
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Diversification Analysis
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