Looking to diversify beyond MALVX? The mutual funds below have the lowest correlation with MALVX — 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 MALVX.
Best Diversifiers for MALVX
2 mutual funds have low correlation with MALVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.18, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.18 | 0.56 | 0.77 | 71 | Large Cap Value Equities | MALVX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.26 | 0.56 | 0.69 | 78 | Large Cap Value Equities | MALVX vs LEXCX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.33 | 0.19 | 0.13 | 96 | Equity Market Neutral | MALVX vs BDMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.40 | 0.57 | 0.70 | 86 | Large Cap Value Equities | MALVX vs SVAIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.44 | 0.29 | 0.15 | 56 | Systematic Trend | MALVX vs ASFYX |
See all 237 diversifiers for MALVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MALVX
Add MALVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MALVX