Looking to diversify beyond LUNAX? The mutual funds below have the lowest correlation with LUNAX — 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 LUNAX.
Best Diversifiers for LUNAX
2 mutual funds have low correlation with LUNAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.52 | 67 | Diversified Portfolio | LUNAX vs MHELX | |
| Saratoga Municipal Bond Portfolio | 0.10 | 0.21 | 0.15 | 91 | Ultrashort Bond | LUNAX vs SMBPX | |
| Fidelity Strategic Real Return Fund | 0.32 | 0.53 | 0.58 | 87 | Diversified Portfolio | LUNAX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.52 | 0.57 | 88 | Diversified Portfolio | LUNAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.52 | 0.57 | 82 | Diversified Portfolio | LUNAX vs FCSRX |
See all 27 diversifiers for LUNAX
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