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
7 mutual funds have low correlation with MACHX (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 0.40 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 | 0.20 | 0.40 | 70 | Diversified Portfolio | MACHX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.27 | 0.50 | 0.53 | 87 | Diversified Portfolio | MACHX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.49 | 0.52 | 82 | Diversified Portfolio | MACHX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.27 | 0.50 | 0.53 | 88 | Diversified Portfolio | MACHX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.49 | 0.52 | 86 | Diversified Portfolio | MACHX vs FSIRX |
See all 38 diversifiers for MACHX
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