Looking to diversify beyond MACAX? The mutual funds below have the lowest correlation with MACAX — 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 MACAX.
Best Diversifiers for MACAX
2 mutual funds have low correlation with MACAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.08 | 0.15 | 73 | Diversified Portfolio | MACAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.11 | 0.22 | 0.38 | 64 | Diversified Portfolio | MACAX vs MHELX | |
| Concorde Wealth Management Fund | 0.31 | 0.51 | 0.55 | 71 | Diversified Portfolio | MACAX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.54 | 0.54 | 96 | Diversified Portfolio | MACAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.54 | 0.54 | 95 | Diversified Portfolio | MACAX vs FCSRX |
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