Looking to diversify beyond MBXIX? The mutual funds below have historically moved differently from MBXIX, 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 MBXIX
31 mutual funds have low correlation with MBXIX (below 0.3), 5 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 -0.10, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | -0.05 | -0.02 | 93 | Bank Loan | MBXIX vs XPTFX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.09 | -0.02 | -0.04 | 100 | Multistrategy | MBXIX vs SRRIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.07 | 0.06 | 0.06 | 97 | Long-Short | MBXIX vs VMNFX | |
| Catalyst Insider Income Fund | -0.05 | -0.02 | 0.07 | 91 | Short-Term Bond | MBXIX vs IIXIX | |
| Morningstar Alternatives Fund | -0.01 | -0.03 | 0.11 | 87 | Multistrategy | MBXIX vs MSTVX |
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