Looking to diversify beyond MBXAX? The mutual funds below have the lowest correlation with MBXAX — 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 MBXAX.
Best Diversifiers for MBXAX
5 mutual funds have low correlation with MBXAX (below 0.3), 1 of which are negatively correlated. The least correlated is Catalyst Insider Income Fund (IIXIX) (Short-Term Bond) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst Insider Income Fund | -0.03 | -0.03 | 0.08 | 81 | Short-Term Bond | MBXAX vs IIXIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.11 | -0.03 | -0.02 | 98 | Macro Trading | MBXAX vs EGRAX | |
| Catalyst/CIFC Floating Rate Income Fund | 0.12 | 0.12 | 0.08 | 60 | Bank Loan | MBXAX vs CFRIX | |
| BlackRock Tactical Opportunities Fund | 0.12 | 0.25 | 0.24 | 79 | Macro Trading | MBXAX vs PCBAX | |
| Catalyst/SMH High Income Fund | 0.27 | 0.11 | 0.11 | 83 | High Yield Bonds | MBXAX vs HIIFX |
See all 15 diversifiers for MBXAX
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