Looking to diversify beyond MAWIX? The mutual funds below have historically moved differently from MAWIX, 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 MAWIX
2 mutual funds have low correlation with MAWIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.07, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.07 | 0.00 | 0.01 | 97 | Equity Market Neutral | MAWIX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.08 | -0.05 | -0.27 | 66 | Systematic Trend | MAWIX vs ASFYX | |
| DFA Two Year Global Fixed Income Portfolio | 0.30 | 0.09 | 0.31 | 100 | Global Bonds | MAWIX vs DFGFX | |
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.41 | 0.30 | 0.31 | 88 | Large Cap Value Equities, Dividend | MAWIX vs VHYAX | |
| BlackRock Enhanced Equity Dividend Trust | 0.45 | 0.31 | 0.30 | 64 | Derivative Income | MAWIX vs BDJ |
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