Looking to diversify beyond MBLAX? The mutual funds below have the lowest correlation with MBLAX — 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 MBLAX.
Best Diversifiers for MBLAX
3 mutual funds have low correlation with MBLAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.16 | 0.45 | 64 | Diversified Portfolio | MBLAX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.15 | 0.27 | 0.33 | 73 | Diversified Portfolio | MBLAX vs SIFAX | |
| Madison Tax-Free National Fund | 0.22 | 0.26 | 0.20 | 76 | Municipal Bonds | MBLAX vs GTFHX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.41 | 0.39 | 0.39 | 99 | Diversified Portfolio | MBLAX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.45 | 0.44 | 0.47 | 75 | Diversified Portfolio | MBLAX vs BLNDX |
See all 30 diversifiers for MBLAX
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