Looking to diversify beyond MBXIX? The mutual funds below have the lowest correlation with MBXIX — 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 MBXIX.
Best Diversifiers for MBXIX
7 mutual funds have low correlation with MBXIX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | -0.05 | -0.02 | 80 | Bank Loan | MBXIX vs XPTFX | |
| Catalyst Insider Income Fund | -0.04 | -0.02 | 0.08 | 82 | Short-Term Bond | MBXIX vs IIXIX | |
| Catalyst/CIFC Floating Rate Income Fund | 0.13 | 0.12 | 0.08 | 61 | Bank Loan | MBXIX vs CFRIX | |
| FS Multi-Strategy Alternatives Fund | 0.15 | 0.11 | 0.14 | 88 | Multistrategy | MBXIX vs FSMSX | |
| BlackRock Global Equity Market Neutral Fund | 0.15 | 0.13 | 0.11 | 91 | Equity Market Neutral | MBXIX vs BDMAX |
See all 17 diversifiers for MBXIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MBXIX
Add MBXIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MBXIX