Looking to diversify beyond MBAPX? The mutual funds below have the lowest correlation with MBAPX — 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 MBAPX.
Best Diversifiers for MBAPX
2 mutual funds have low correlation with MBAPX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.17 | -0.00 | 0.11 | 58 | Diversified Portfolio | MBAPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.14 | 0.48 | 69 | Diversified Portfolio | MBAPX vs MHELX | |
| Concorde Wealth Management Fund | 0.40 | 0.60 | 0.71 | 71 | Diversified Portfolio | MBAPX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.59 | 0.63 | 83 | Diversified Portfolio | MBAPX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.59 | 0.63 | 79 | Diversified Portfolio | MBAPX vs FCSRX |
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