Looking to diversify beyond MBDFX? The mutual funds below have the lowest correlation with MBDFX — 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 MBDFX.
Best Diversifiers for MBDFX
1 mutual funds have low correlation with MBDFX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Veritas Asia Pacific Fund (MGSEX) (Asia Pacific Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Veritas Asia Pacific Fund | 0.20 | 0.16 | 0.11 | 92 | Asia Pacific Equities | MBDFX vs MGSEX | |
| AMG Boston Common Global Impact Fund | 0.37 | 0.31 | 0.26 | 71 | Large Cap Growth Equities | MBDFX vs BRWIX | |
| AMG GW&K Municipal Bond Fund | 0.53 | 0.60 | 0.54 | 64 | Municipal Bonds | MBDFX vs GWMIX | |
| AMG GW&K Municipal Enhanced Yield Fund | 0.53 | 0.62 | 0.55 | 60 | High Yield Muni | MBDFX vs GWMEX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.67 | 0.70 | 0.68 | 53 | Intermediate Core Bond | MBDFX vs STWTX |
See all 7 diversifiers for MBDFX
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