Looking to diversify beyond MCDWX? The mutual funds below have historically moved differently from MCDWX, 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 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 0.16, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manning & Napier Disciplined Value Series | 0.16 | 0.14 | 0.11 | 93 | Large Cap Value Equities | MCDWX vs MNDFX | |
| Manning & Napier Divrs Tax Exempt Series Fund | 0.50 | 0.58 | 0.57 | 60 | Municipal Bonds | MCDWX vs EXDVX | |
| Manning & Napier High Yield Bond Series | 0.51 | 0.51 | 0.48 | 87 | High Yield Bonds | MCDWX vs MNHYX | |
| Manning & Napier High Yield Bond I | 0.54 | 0.50 | 0.47 | 79 | High Yield Bonds | MCDWX vs MNHAX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.67 | 0.69 | 0.69 | 64 | Intermediate Core Bond | MCDWX vs STWTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MCDWX
Add MCDWX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MCDWX