Looking to diversify beyond MCDWX? The mutual funds below have the lowest correlation with MCDWX — 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 MCDWX.
Best Diversifiers for MCDWX
1 mutual funds have low correlation with MCDWX (below 0.3), 0 of which are negatively correlated. The least correlated is Manning & Napier Disciplined Value Series (MNDFX) (Large Cap Value Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manning & Napier Disciplined Value Series | 0.18 | 0.15 | 0.10 | 80 | Large Cap Value Equities | MCDWX vs MNDFX | |
| Manning & Napier Divrs Tax Exempt Series Fund | 0.47 | 0.58 | 0.56 | 66 | Municipal Bonds | MCDWX vs EXDVX | |
| Manning & Napier High Yield Bond Series | 0.50 | 0.51 | 0.47 | 88 | High Yield Bonds | MCDWX vs MNHYX | |
| Manning & Napier High Yield Bond I | 0.52 | 0.49 | 0.46 | 78 | High Yield Bonds | MCDWX vs MNHAX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.62 | 0.69 | 0.68 | 53 | Intermediate Core Bond | MCDWX vs STWTX |
See all 7 diversifiers for MCDWX
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