Looking to diversify beyond MCFIX? The mutual funds below have historically moved differently from MCFIX, 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 MCFIX
1 mutual funds have low correlation with MCFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Mercer Emerging Markets Equity Fund (MEMQX) (Emerging Markets Equities) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mercer Emerging Markets Equity Fund | 0.26 | 0.18 | 0.13 | 75 | Emerging Markets Equities | MCFIX vs MEMQX | |
| Mercer US Small/Mid Cap Equity Fund | 0.37 | 0.27 | 0.19 | 65 | Small Cap Blend Equities | MCFIX vs MSCGX | |
| Holbrook Income Fund Class I | 0.39 | 0.31 | 0.37 | 98 | Intermediate Core-Plus Bond | MCFIX vs HOBIX | |
| Mercer Non-US Core Equity Fund | 0.39 | 0.32 | 0.26 | 66 | Foreign Large Cap Equities | MCFIX vs MNCEX | |
| GMO Multi-Sector Fixed Income Fund | 0.43 | 0.80 | 0.86 | 89 | Intermediate Core-Plus Bond | MCFIX vs GUGAX |
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