Looking to diversify beyond MAWIX? The mutual funds below have the lowest correlation with MAWIX — 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 MAWIX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.06 | 0.00 | 0.01 | 91 | Long-Short | MAWIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.17 | -0.06 | -0.26 | 67 | Systematic Trend | MAWIX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.41 | 0.24 | 0.29 | 76 | Large Cap Growth Equities | MAWIX vs NASDX | |
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.43 | 0.28 | 0.31 | 78 | Large Cap Value Equities, Dividend | MAWIX vs VHYAX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.43 | 0.45 | 0.46 | 76 | Global Bonds | MAWIX vs DGFFX |
See all 16 diversifiers for MAWIX
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