Looking to diversify beyond YACKX? The mutual funds below have historically moved differently from YACKX, 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 YACKX
8 mutual funds have low correlation with YACKX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.08, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.08 | 0.48 | 0.63 | 62 | Quality Factor, Large Cap Value Equities | YACKX vs GQHPX | |
| AMG GW&K Municipal Enhanced Yield Fund | 0.13 | 0.11 | 0.07 | 77 | High Yield Muni | YACKX vs GWMEX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.14 | 0.47 | 0.62 | 93 | Dividend | YACKX vs SVAAX | |
| AMG GW&K Municipal Bond Fund | 0.14 | 0.13 | 0.09 | 57 | Municipal Bonds | YACKX vs GWMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.14 | 0.47 | 0.62 | 94 | Large Cap Value Equities | YACKX vs SVAIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YACKX, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.16 | 0.26 | 62 | Consumer Defensive |
Build a portfolio that complements YACKX
Add YACKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with YACKX