Looking to diversify beyond MACIX? The mutual funds below have the lowest correlation with MACIX — 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 MACIX.
Best Diversifiers for MACIX
2 mutual funds have low correlation with MACIX (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 -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.08 | 0.11 | 0.20 | 76 | Diversified Portfolio | MACIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.10 | 0.19 | 0.48 | 63 | Diversified Portfolio | MACIX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.45 | 0.64 | 0.67 | 96 | Diversified Portfolio | MACIX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.45 | 0.63 | 0.66 | 95 | Diversified Portfolio | MACIX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.45 | 0.63 | 0.66 | 97 | Diversified Portfolio | MACIX vs FSRKX |
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