Looking to diversify beyond MACHX? The mutual funds below have the lowest correlation with MACHX — 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 MACHX.
Best Diversifiers for MACHX
8 mutual funds have low correlation with MACHX (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 -0.22, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | 0.01 | 0.13 | 73 | Diversified Portfolio | MACHX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.21 | 0.41 | 64 | Diversified Portfolio | MACHX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.23 | 0.50 | 0.53 | 96 | Diversified Portfolio | MACHX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.49 | 0.52 | 96 | Diversified Portfolio | MACHX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.49 | 0.52 | 95 | Diversified Portfolio | MACHX vs FCSRX |
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