Looking to diversify beyond MADCX? The mutual funds below have historically moved differently from MADCX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MADCX
1 mutual funds have low correlation with MADCX (below 0.3), 0 of which are negatively correlated. The least correlated is The Cook & Bynum Fund (COBYX) (Emerging Markets Equities) with a 1Y correlation of 0.26, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Cook & Bynum Fund | 0.26 | 0.38 | 0.46 | 62 | Emerging Markets Equities | MADCX vs COBYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.30 | 0.12 | 0.07 | 98 | Equity Market Neutral | MADCX vs BDMIX | |
| Victory Sycamore Established Value Fund | 0.37 | 0.45 | 0.52 | 52 | Mid Cap Value Equities | MADCX vs GETGX | |
| DFA U.S. Small Cap Value Portfolio I | 0.42 | 0.48 | 0.53 | 90 | Small Cap Value Equities | MADCX vs DFSVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.45 | 0.62 | 0.68 | 96 | Emerging Markets Equities | MADCX vs ESCIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MADCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.53 | 0.50 | 0.56 | 88 |
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