Looking to diversify beyond MBXAX? The mutual funds below have historically moved differently from MBXAX, 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 MBXAX
15 mutual funds have low correlation with MBXAX (below 0.3), 3 of which are negatively correlated. The least correlated is Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) (Multistrategy) with a 1Y correlation of -0.07, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.07 | -0.02 | -0.03 | 100 | Multistrategy | MBXAX vs SRRIX | |
| Catalyst Insider Income Fund | -0.05 | -0.02 | 0.07 | 91 | Short-Term Bond | MBXAX vs IIXIX | |
| Morningstar Alternatives Fund | -0.03 | -0.03 | 0.11 | 87 | Multistrategy | MBXAX vs MSTVX | |
| AQR Style Premia Alternative R6 | 0.05 | 0.14 | 0.05 | 90 | Multistrategy | MBXAX vs QSPRX | |
| GMO Alternative Allocation Fund | 0.07 | 0.09 | 0.09 | 89 | Multistrategy | MBXAX vs GAAVX |
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