Looking to diversify beyond MAMEX? The mutual funds below have historically moved differently from MAMEX, 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 MAMEX
0 mutual funds have low correlation with MAMEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity International Index Fund (FSPSX) (Foreign Large Cap Equities) with a 1Y correlation of 0.61, roughly unchanged from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity International Index Fund | 0.61 | 0.62 | 0.61 | 70 | Foreign Large Cap Equities | MAMEX vs FSPSX | |
| Gabelli Value 25 Fund | 0.63 | 0.75 | 0.74 | 80 | Mid Cap Blend Equities | MAMEX vs GABVX | |
| Victory RS Investors Fund | 0.63 | 0.75 | 0.73 | 73 | Mid Cap Blend Equities | MAMEX vs RSINX | |
| 13D Activist Fund | 0.65 | 0.76 | 0.75 | 78 | Mid Cap Blend Equities | MAMEX vs DDDIX | |
| Gotham Enhanced Return Fund | 0.66 | 0.70 | 0.69 | 88 | Mid Cap Blend Equities | MAMEX vs GENIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MAMEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.33, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MetLife, Inc. | 0.33 | 0.52 | 0.54 | 78 | Financial Services |
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