Looking to diversify beyond MAHIX? The mutual funds below have the lowest correlation with MAHIX — 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 MAHIX.
Best Diversifiers for MAHIX
9 mutual funds have low correlation with MAHIX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.17, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.17 | -0.27 | -0.22 | 99 | Nontraditional Bonds | MAHIX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.12 | -0.06 | 0.07 | 66 | Nontraditional Bonds | MAHIX vs PMOTX | |
| T. Rowe Price Dynamic Credit Fund | -0.01 | 0.04 | 0.00 | 83 | Nontraditional Bonds | MAHIX vs RPIDX | |
| PGIM Securitized Credit Fund | 0.04 | -0.01 | 0.10 | 99 | Nontraditional Bonds | MAHIX vs SCFZX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.10 | 0.03 | 0.03 | 100 | Nontraditional Bonds | MAHIX vs CBYYX |
See all 15 diversifiers for MAHIX
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